Tuesday, March 29, 2011
Uniondale, NY (Mar. 29, 2011) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC and leader in the commercial real estate finance industry, has announced today the appointment of Timothy Magnussen (top right photo) to Director in Arbor’s New York City office.
Mr. Magnussen is responsible for originating loans nationwide using Arbor’s complete product portfolio with a special focus on Fannie Mae DUS® and Federal Housing Administration (FHA) transactions. He reports to Ken Fazio, Senior Vice President, National Production Manager.
Mr. Magnussen is a dedicated commercial real estate professional with 10 years of diversified experience in loan originations, specializing in Fannie Mae DUS® transactions and construction financing.
Prior to joining Arbor, Mr. Magnussen worked as a Commercial Real Estate Loan Officer at Kearny Federal Savings Bank.
Previous to that role, Mr. Magnussen was a Consultant/Loan Officer at Capital Source Mortgage, where he was responsible for consulting clients and associates on their mortgage financing needs. While there, he expanded the client base and network of financial institutions to improve originators’ profitability and efficiency.
Contact: Christopher Ostrowski, email@example.com