Uniondale, NY (Sept. 16, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,570,000 loan under the Fannie Mae DUS® Small Loan product line for the 48-unit complex known as Sertoma Hills Apartments (top left photo) in Sioux Falls, SD. The 10-year loan amortizes on a 30-year schedule.
The loan was originated by Anthony Tarter (lower right photo), Director, in Arbor’s full-service Dallas, TX, lending office.
“We were pleased to be able to provide financing for the borrower and this property, which is well-located within Sioux Falls, the fastest growing city in the Midwest and a growing regional hub for financial services, healthcare and retail,” Tarter said. “The property should benefit from the city’s continued growth.”
Contact: Christopher Ostrowski, costrowski@arbor.com
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