Arbor Closes $1,080,000 Fannie Mae DUS® Small Loan for Haltom Oaks Apartments in Haltom City, TX

Uniondale, NY (Aug. 30, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,080,000 loan under the Fannie Mae DUS® Small Loan product line for the 68-unit complex known as Haltom Oaks Apartments (top left photo) in Haltom City, TX.

The 10-year loan amortizes on a 25-year schedule and carries a note rate of 5.51 percent.

The loan was originated by Anthony Tarter (bottom  right photo), Director, in Arbor’s full-service Dallas, TX, lending office.

“We were pleased to be able to provide financing for the repeat Fannie Mae borrower and this good quality property, which sits in a desirable location within the Dallas/Fort Worth area.”

Contact:  Christopher Ostrowski, costrowski@arbor.com