Arbor Closes $4M Fannie Mae DUS® MAH Coop Loan for Fox Ridge Townhouses in Topeka, KS

UNIONDALE,  NY (Feb.  25, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $4,000,000 loan under the Fannie Mae DUS® MAH Coop Loan product line for the 200-unit complex known as Fox Ridge Townhouses in Topeka, KS.

The 30-year loan amortizes on a 30-year schedule and carries a note rate of 7.49 percent.

The loan was originated by Michael Jehle, (top right photo)  Midwest Regional Director, in Arbor’s full-service Bloomfield Hills, MI lending office. “The 200 members of Fox Ridge Cooperative have major renovation plans with the proceeds from our loan,” said Jehle. “They are thrilled to have refinanced at such an attractive interest rate fixed for 30 years.”

Contacts:
Ingrid Principe, iprincipe@arbor.com
Kelly Maxey, kmaxey@arbor.com