Arbor Closes Three Florida Fannie Mae DUS® Loans Totaling $13,622,500

Uniondale, NY (Oct. 21, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of three (3) loans under the Fannie Mae DUS® Loan and Fannie Mae DUS® Small Loan product lines. These loans include:

 Hawaiian Palms, Lauderdale Lakes, FL (top left photo) – The 245-unit complex received $8,872,500 funded under the Fannie Mae DUS® Loan product line. The 10-year loan amortizes on a 30-year schedule.

Parkview Apartments, Tampa, FL (middle right photo) – The 100-unit complex received $2,750,000 funded under the Fannie Mae DUS® Loan product line. The 10-year loan amortizes on a 30-year schedule.

Solana Villas Apartments, Golden Gate, FL (bottom left photo) – The 44-unit complex received $2,000,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule.

The loans were originated by Alex Kaushansky Director, in Arbor’s full-service New York, NY, lending office.

 “Concerning all three of these transactions, we were able to deliver on the broker’s time constraints,” Kaushansky said.

“The borrowers were also pleased with the deal process and the rates they received.”

 Contact:  Christopher Ostrowski, costrowski@arbor.com