Sunday, October 17, 2010

Arbor Closes $3,904,000 Fannie Mae DUS® Small Loan For Villa Sorrento Apartments in Clovis, CA

Uniondale, NY  - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $3,904,000 loan under the Fannie Mae DUS® Small Loan product line for the 35-unit complex known as Villa Sorrento Apartments (top left photo) in Clovis, CA. The 10-year loan amortizes on a 30-year schedule.

 The loan was originated by Jay Porterfield (lower right photo), Vice President, in Arbor’s full-service Plano, TX, lending office.

 “Arbor had the opportunity to provide a rate and term refinance for this Class A property,” Porterfield said. “The property was recently constructed and has enjoyed strong leasing due to the excellent quality and location.”

Contact:  Christopher Ostrowski,

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