Arbor Closes $1.5M Fannie Mae DUS® Small Loan for Villa Serena Apartments in Pittsburg, CA

Uniondale, NY-- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,500,000 loan under the Fannie Mae DUS® Small Loan product line for the 48-unit complex known as Villa Serena Apartments in Pittsburg, CA.

The 10-year loan amortizes on a 20-year schedule and carries a note rate of 5.56 percent.

The loan was originated by Brian Scharf (top right photo),  Director, in Arbor’s full-service Uniondale, NY lending office.

 “The low-leverage request on Villa Serena was easy to execute,” said Scharf. “Current occupancy levels required a waiver from Fannie Mae; however, given the long-term ownership and low-leverage level, the deal was approved and closed in five weeks.”

Arbor Closes $1M Fannie Mae DUS® MAH Coop Loan for Birch Run Cooperative in Romulus, MI

Uniondale, NY - - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,000,000 loan under the Fannie Mae DUS® Multifamily Affordable Housing Coop product line for the 111-unit complex known as Birch Run Cooperative in Romulus, MI.

The 30-year loan amortizes on a 30-year schedule and carries a note rate of 7.41 percent.

The loan was originated by Michael Jehle (lower right photo), Midwest Regional Director, in Arbor’s full-service Bloomfield Hills, MI lending office.

“In addition to paying off HUD, our loan will provide funds for capital improvements to the property. All the members of the cooperative will enjoy the benefits from these improvements,” said Jehle.

Arbor Closes $6M Fannie Mae DUS® Coop Loan for Three Fountains West Cooperative in Indianapolis, IN



Uniondale, NY (July 22, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $6,000,000 loan under the Fannie Mae DUS® Coop product line for the 300-unit complex known as Three Fountains West Cooperative in Indianapolis, IN.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.31 percent.

The loan was originated by Michael Jehle, Midwest Regional Director, in Arbor’s full-service Bloomfield Hills, MI lending office.

 “All proceeds from this loan will be put back into the property for kitchen and bathroom upgrades, new flooring and new windows,” said Jehle. “The members of the cooperative are thrilled to receive these improvements to their units.”

Contact: Ingrid Principe, Marketing Manager, 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