Arbor Closes $4M Fannie Mae DUS® MAH Coop Loan for Fox Ridge Townhouses in Topeka, KS

UNIONDALE,  NY (Feb.  25, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $4,000,000 loan under the Fannie Mae DUS® MAH Coop Loan product line for the 200-unit complex known as Fox Ridge Townhouses in Topeka, KS.

The 30-year loan amortizes on a 30-year schedule and carries a note rate of 7.49 percent.

The loan was originated by Michael Jehle, (top right photo)  Midwest Regional Director, in Arbor’s full-service Bloomfield Hills, MI lending office. “The 200 members of Fox Ridge Cooperative have major renovation plans with the proceeds from our loan,” said Jehle. “They are thrilled to have refinanced at such an attractive interest rate fixed for 30 years.”

Contacts:
Ingrid Principe, iprincipe@arbor.com
Kelly Maxey, kmaxey@arbor.com

Arbor Closes Two Fannie Mae DUS® Loans Totaling $6,104,300

UNIONDALE, NY– Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of two (2) loans totaling $6,104,300 under the Fannie Mae DUS® product line. These loans include:

Crescent Cove I, Evans, CO – A 96-unit complex in the amount of $4,229,300 funded under the Fannie Mae DUS® product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.75 percent.

Amberwood Apartments II & III, Norfolk, NE – A 56-unit complex in the amount of $1,875,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.89 percent.

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

“These two loans were with the same borrower who needed a quick turnaround because their existing CMBS loans were coming due,” said Jehle. “Arbor was able to exceed their expectations in terms of a sift execution at very low interest rates.”

Contact:  Ingrid Principe, Marketing, 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

Arbor Closes 2 Fannie Mae DUS® MAH Cooperative Loans Totaling $4.17M

$2.75M Fannie Mae DUS® MAH Cooperative Loan Completed for  Quail Valley Cooperative in Lenexa, KS

UNIONDALE, NY (Jan.  8, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,750,000 loan under the Fannie Mae DUS® COOP (MAH) product line for the 100-unit complex known as Quail Valley Cooperative in Lenexa, KS.

The 30-year loan amortizes on a 30-year schedule and carries a note rate of 7.57 percent.

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

“The members of this cooperative have big plans for the renovation of their property through this refinance,” said Jehle. “They also received additional loan dollars from Arbor through the successful decoupling of their IRP payments to further enhance this capital improvement project.”

 Chateau Court Duplexes in Moore, OK Gets $1.42M  Fannie Mae DUS® Small Loan

UNIONDALE,  NY (Jan.  8, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,420,000 loan under the Fannie Mae DUS® Small Loan product line for the 16-unit complex known as Chateau Court Duplexes in Moore, OK.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.84 percent.

The loan was originated by Jay Porterfield, (bottom right photo)  Vice President, in Arbor’s full-service Plano, TX lending office. “This was a very solid property that is well-leased to a stable tenant base,” said Porterfield. “Arbor was pleased to provide a rate and term refinance for this borrowing group to pay off their existing construction/mini-permanent bank loan.”

Contact:  Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/, Follow us on Twitter @ arbor1

Arbor Closes $16.5M Fannie Mae DUS® Loan for Harper Square Co-op in Chicago

UNIONDALE, NY, April 13, 2009 – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $16,500,000 loan under the Fannie Mae DUS® product line for the 591-unit complex known as Harper Square Coop (top right photo) in Chicago, IL.

The 30-year loan amortizes on a 30-year schedule and carries a note rate of 7.17 percent.

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

“The members of Harper Square Cooperative were looking for a lender that could decouple their existing HUD 236 mortgage and also provide substantial renovation funds for the upgrade of their property,” said Jehle. “Arbor was able to do both at a very attractive long-term interest rate.

Contact: Ingrid Principe, Iprincipe@arbor.com

Arbor Closes $4.25M Fannie Mae DUS® Loan on University Apartments in East Lansing, MI

UNIONDALE, NY– Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $4,250,000 loan under the Fannie Mae DUS® product line for the 122-unit complex known as University Apartments in East Lansing, MI.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.10 percent.


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

“The subject loan is secured by three non-contiguous properties all owned by the same borrowing entity,” said Jehle. “Arbor was successful in paying off the existing indebtedness and providing cash out for this repeat client.



Contact: Ingrid Principe, Iprincipe@arbor.com

Arbor Closes $11M Fannie Mae DUS® Loan for Aspen Lakes Estates II in Holt, MI

UNIONDALE, NY, Mar. 13, 2009 – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $11,025,000 loan under the Fannie Mae DUS® product line for the 130-unit complex known as Aspen Lakes Estates II (top left photo) in Holt, MI.

The 79-month loan amortizes on a 30-year schedule and carries a note rate of 6.34 percent.

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

“Our client recently built Phase II of their three-phase multifamily development in Lansing, Michigan,” said Jehle. “Upon full stabilization, Arbor provided a great interest rate to pay off the client’s existing construction loan.”

Contact: Ingrid Principe, Arbor Commercial Mortgage, 333 Earle Ovington Blvd., Suite 900, Uniondale, NY 11553. P: 516.506.4298. F: 516.542.2555. www.arbor.com