Arbor Closes $995,000 Fannie Mae DUS® Small Loan for 1416 West Olympic Apartments in Los Angeles, CA

Uniondale, NY (Aug. 24, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $995,000 loan under the Fannie Mae DUS® Small Loan product line for the 24-unit complex known as 1416 West Olympic Apartments (top left photo)  in Los Angeles, CA.

The seven-year loan amortizes on a 30-year schedule and carries a note rate of 5.88 percent.

The loan was originated by Ronen Abergel (lower right photo) , Director, in Arbor’s full-service New York, NY, lending office. “This deal represents Arbor’s fourth transaction with the borrower, which demonstrates our clients’ level of service and satisfaction.”

Contact:  Christopher Ostrowski, costrowski@arbor.com