Uniondale, NY (Nov. 3, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,000,000 loan under the Fannie Mae DUS® Small Loan product line for the 42-unit complex known as Taylor Avenue Apartments (top left photo) in Norwalk, CT. The 10-year loan amortizes on a 30-year schedule.
The loan was originated by Brian Scharf (bottom right photo), Director, in Arbor’s full-service Uniondale, NY, lending office.
“The borrower on Taylor Avenue Apartments represents an ideal partner for Arbor, as he is a self-made businessman who has quietly and personally accumulated a strong presence of multifamily asset ownership in his home market,” Scharf said.
Contact: Christopher Ostrowski, costrowski@arbor.com
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