UNIONDALE, NY (June 22, 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 for the 15-unit complex known as 15004 Nordhoff Street Apartments in North Hills, CA.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.66 percent.
The loan was originated by Yogesh Joshi, (top right photo) Director, in Arbor’s full-service Woodland Hills, CA lending office.
Arbor Closes $3,775,000 Fannie Mae DUS® MAH Coop Loan for Winfield Village Cooperative in Savoy, IL
UNIONDALE,, NY (June 22, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $3,775,000 loan under the Fannie Mae DUS® Multifamily Affordable Housing product line for the 348-unit complex known as Winfield Village Cooperative in Savoy, IL. The 30-year loan amortizes on a 30-year schedule and carries a note rate of 7.48 percent.
The loan was originated by Michael Jehle, (lower left photo) Midwest Regional Director, in Arbor’s full-service Bloomfield Hills, MI lending office.
“The members of Winfield Village Cooperative will see significant improvements to their property through this new loan with Arbor,” said Jehle. “They were especially pleased with their long-term, low fixed-rate loan.”
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