Thursday, October 7, 2010
Uniondale, NY (Oct. 7, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,430,000 loan under the Fannie Mae DUS® Small Loan product line for the 42-unit complex known as Jersey Street Apartments (top left photo)in Waterbury, CT.
The 10-year loan amortizes on a 30-year schedule.
The loan was originated by John Edwards (bottom right photo), Vice President, in Arbor’s full-service Boston, MA, lending office.
“This financing highlights the flexibility of the Small Loan Program,” Edwards said. “We were pleased to have the opportunity to provide our client with the requested loan structure and dollars.”
Contact: Christopher Ostrowski, email@example.com