Arbor Closes $1.25M Fannie Mae DUS® Small Loan for Willow Brook Avenue in Los Angeles, CA

UNIONDALE, , NY (Feb.  24, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,250,000 loan under the Fannie Mae DUS® Small Loan product line to for the18-unit property known as Willow Brook Avenue in Los Angeles, CA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.43 percent.

The loan was originated by Stephen York, (top right photo)  Director, in Arbor’s full-service New York, NY lending office.

 “The sponsors were able to purchase this property at a steep discount, enabling us to refinance their existing debt and provide them with cash out within five months of their purchase,” said York. “This deal highlights Arbor’s unique ability to offer aggressive financing terms in an overall difficult lending environment, which definitely pleased our client.”

Contact: Kelly Maxey, Arbor Commercial Mortgage, 333 Earle Ovington Blvd, Ste. 900, Uniondale, NY 11553, PH 516.506.4602, kmaxey@arbor.com