Uniondale, NY (Nov. 9, 2010) – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,450,000 loan under the Fannie Mae DUS® Small Loan product line for the 48-unit complex known as Vista Del Sol Apartments (top left photo) in Carlsbad, NM.
The 10-year loan amortizes on a 30-year schedule.
The loan was originated by Matt Norman (bottom right photo), Vice President, in Arbor’s full-service Dallas, TX, lending office.
“The Vista Del Sol transaction was another opportunity for Arbor to work with a repeat borrower and mortgage broker to achieve the desired results—namely a timely refinance, which capitalized on the excellent rates present over the summer of 2010,” Norman said.
Contact: Christopher Ostrowski, costrowski@arbor.com
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