Arbor Closes $8M Fannie Mae DUS® Loan for 309 West 57th Street in New York, NY

Uniondale, NY (Aug. 16, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $8,000,000 loan under the Fannie Mae DUS® Loan product line for the 102-unit multifamily building known as 309 West 57th Street (top left photo) in New York, NY.

The five-year loan amortizes on a 30-year schedule and carries a note rate of 4.65 percent.

The loan was originated by Alexander Kaushansky (middle right photo), Director, in Arbor’s full-service New York, NY, lending office.

“This was the borrower’s first Fannie Mae and Arbor transaction,” Kaushansky said. “I’m glad we were able to provide the borrower with the most competitive terms out in the market.”

Helping to arrange the financing for the borrower was Zev Pollak, the broker of the deal, who noted, “The borrower was pleased with the fact that he received a below-market interest rate.”

Arbor Appoints Jennifer Caluri-Sullivan as Vice President, Marketing

Uniondale, NY (Aug. 16, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC and leader in the commercial real estate finance industry, has announced today the appointment of Jennifer Caluri-Sullivan (bottom left photo) to Vice President, Marketing, in Arbor’s Uniondale, NY, headquarters.

She reports to Bonnie Habyan, (bottom right photo)  Senior Vice President, Marketing.

Ms. Caluri is responsible for executing all phases of internal and external sales, employee, client and other corporate events.

She additionally oversees new business strategies for Arbor’s family of companies and its national sales team, including customer relationship management and client retention initiatives, as well as the management and oversight of all internal and external marketing disciplines, such as advertising, website design, digital communication, direct mailings, tradeshows and employee communications.

Ms. Caluri possesses more than 14 years of real estate marketing experience. Prior to joining Arbor, Ms. Caluri held the position of Director of Marketing and Corporate Communications at Greystone & Company, Inc., where she provided organizational leadership in identifying new business opportunities through advertising, public relations and special event initiatives, while also cultivating long-standing business relationships.

Ms. Caluri also previously held the position of Marketing Director at The Lefrak Organization, where she spearheaded marketing and branding strategies across all business communication mediums.

Ms. Caluri received a Bachelor of Business Administration-Marketing degree from New York’s Bernard Baruch College. Ms. Caluri is also a New York State-licensed real estate broker. She resides in Fair Lawn, NJ.

Contact: COstrowski@arbor.com