Uniondale, NY - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $3,904,000 loan under the Fannie Mae DUS® Small Loan product line for the 35-unit complex known as Villa Sorrento Apartments (top left photo) in Clovis, CA. The 10-year loan amortizes on a 30-year schedule.
The loan was originated by Jay Porterfield (lower right photo), Vice President, in Arbor’s full-service Plano, TX, lending office. “Arbor had the opportunity to provide a rate and term refinance for this Class A property,” Porterfield said. “The property was recently constructed and has enjoyed strong leasing due to the excellent quality and location.”
Contact: Christopher Ostrowski, costrowski@arbor.com
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