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| The Pines of West Concord, NH |
UNIONDALE, NY (Dec. 18, 2012) - Arbor Commercial Funding,
LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC and
a national, direct commercial real estate lender, announced the recent funding
of eight loans totaling $20,019,000 across New England under the Fannie Mae
Delegated Underwriting & Servicing (DUS®) Loan, Fannie Mae DUS® Small Loan
and Fannie Mae DUS® ARM 7-6™ Loan product lines. These loans include:
· Concord
Portfolio, Concord, NH – This seven-property, 337-unit multifamily
portfolio received a combined total of $16,325,000 funded under the Fannie Mae
DUS® Loan and Fannie Mae DUS® Small Loan product lines. The 10-year refinance
loans amortize on 30-year schedules. The portfolio consists of the following
properties:
o Meadow Brook
Apartments
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| 66--72 Hamilton Street, Cambridge, MA |
o Pinewood Village
o Pines of West
Concord
o Mill Place West
Apartments
o Ormond Street
Apartments
o Vineyard Terrace
Apartments
o Prescott Street
Apartments
66-72
Hamilton Street, Cambridge, MA – This 11-unit multifamily property received
$3,694,000 funded under the Fannie Mae DUS® ARM 7-6™ Loan product line. The
seven-year refinance loan amortizes on a 30-year schedule. Each apartment at
66-72 Hamilton Street includes stainless steel kitchen appliances, wood
cabinets and granite countertops.
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| Ronen Abergel |
All of the loans were originated by Ronen Abergel,
Vice President in Arbor’s New York City office.
Contact:
Christopher Ostrowski,
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