Uniondale, NY (Nov. 16, 2010) – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,000,000 loan under the Fannie Mae DUS® Small Loan product line for the 53-unit complex known as 150 Haven Avenue (top left photo) in New York, NY. The five-year loan amortizes on a 30-year schedule.
The loan was originated by Edward Petti (bottom right photo), Vice President, in Arbor’s full-service New York, NY, lending office.
“This was one of three refinancings for this client that we closed recently,” Petti said. “We were able to deliver a five-year, interest-only loan in this transaction.”
Contact: Christopher Ostrowski, costrowski@arbor.com
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