Arbor Closes $3.88M Fannie Mae DUS® Loan for Lakepointe Apartments in Brewerton, NY

UNIONDALE, NY-- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $3,880,000 loan under the Fannie Mae DUS® Loan product line for the 72-unit complex known as Lakepointe Apartments in Brewerton, NY.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.75 percent.

The loan was originated by Ronen Abergel, (top right photo)  Director, in Arbor’s full-service New York, NY lending office. “This was a new borrower for Arbor, and we look forward to growing this relationship and partnering with them on future projects,” said Abergel.

Contact:  Ingrid Principe, Iprimcipe@arbor.com