Monday, September 27, 2010

Arbor Closes $1,150,000 Fannie Mae DUS® Small Loan for Alexandria Apartments in Los Angeles, CA

Uniondale, NY (Sept. 27, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,150,000 loan under the Fannie Mae DUS® Small Loan product line for the 12-unit complex known as Alexandria (top left photo) in Los Angeles, CA. The 10-year loan amortizes on a 30-year schedule.

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

 “The borrowers were looking to secure long-term, fixed-rate financing for the purchase of a property in a highly desirable area of Los Angeles,” York said. “We were pleased to deliver attractive financing terms that helped them accomplish their objective. We look forward to future opportunities together.”

Contact: Christopher Ostrowski,

No comments: