Uniondale, NY (June 29 , 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $22,000,000 loan under the Fannie Mae DUS® product line for the 302-unit complex known as Brook Arbor Apartments in Cary, NC.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.68 percent.
Joseph Donovan, (top right photo) Senior Vice President, Production Management, in Arbor’s full-service Boston, MA lending office said, “We were please to deliver a loan amount, terms and pricing that met our valued client’s needs.”
Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/, Follow us on Twitter @ arbor1
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