Uniondale, NY (Jan. 6, 2010) - Arbor Commercial Mortgage, LLC, announced the recent funding of two (2) loans totaling $15,873,200 under the FHA 223(f) program. The loans include:
· Villagewood, Waterbury, CT – A 164-unit complex in the amount of $7,956,600. The 35-year loan amortizes on a 35-year schedule and carries a note rate of 4.65 percent.
· Northwood, Waterbury, CT – A 164-unit complex in the amount of $7,916,600. The 35-year loan amortizes on a 35-year schedule and carries a note rate of 4.65 percent.
“The refinances facilitate the long-term preservation of affordable housing in Waterbury,” said Joseph Donovan, (top right photo) Senior Vice President, Production Management in Arbor’s full-service Boston, MA lending office.
“We were pleased to be able to provide fixed-rate, fully amortizing loans at a very favorable rate. We also want to recognize the Hartford HUD staff for their efforts as Arbor’s partner on the loans.”
Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/, Follow us on Twitter @ arbor1
No comments:
Post a Comment