Uniondale, NY (July 9, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $3,373,000 loan under the Fannie Mae DUS® MBS product line for the 228-unit complex known as Spring Hill Apartments in Houston, TX.
The 10-year loan amortizes on a 25-year schedule and carries a note rate of 5.67 percent.
The loan was originated by Jay Porterfield, (top right photo) Vice President, in Arbor’s full-service Plano, TX lending office. “Arbor provided a rate and term refinance for this well-occupied property located in a golf course community near Houston,” said Porterfield.
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
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