UNIONDALE, NY– Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of two (2) loans totaling $6,104,300 under the Fannie Mae DUS® product line. These loans include:
Crescent Cove I, Evans, CO – A 96-unit complex in the amount of $4,229,300 funded under the Fannie Mae DUS® product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.75 percent.
Amberwood Apartments II & III, Norfolk, NE – A 56-unit complex in the amount of $1,875,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.89 percent.
The loans were originated by Michael Jehle, (top right photo) Midwest Regional Director, in Arbor’s full-service Bloomfield Hills, MI lending office.
“These two loans were with the same borrower who needed a quick turnaround because their existing CMBS loans were coming due,” said Jehle. “Arbor was able to exceed their expectations in terms of a sift execution at very low interest rates.”
Contact: Ingrid Principe, Marketing, Arbor Commercial Mortgage, 333 Earle Ovington Blvd., Suite 900, Uniondale, NY 11553, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/, Follow us on Twitter @ arbor1
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