Arbor Closes $1 Million Fannie Mae DUS® Small Loan for Skyview Apartments in East Wenactchee, WA

Uniondale, NY (Sept. 21, 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 29-unit complex known as Skyview Apartments (top left photo)  in East Wenactchee, WA. The 10-year loan amortizes on a 30-year schedule.

The loan was originated by Stephen York (bottom right photo), Director, in Arbor’s full-service New York, NY, lending office. “The borrower’s goal was to secure long-term, fixed-rate financing at an attractive interest rate,” York said.

 “We were pleased to provide him with attractive financing terms that accomplished his objective. We look forward to future opportunities together.”

Contact:  Christopher Ostrowski, costrowski@arbor.com