Arbor Closes Two Chicago Fannie Mae DUS® Small Loans Totaling $3,307,500

Uniondale, NY (Oct. 14, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of two (2) loans under the Fannie Mae DUS® Small Loan product line. These loans include:

 Woodlawn Apartments, Chicago, IL (top left photo) – The 51-unit complex received $1,297,500 funded under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 26-year schedule.

Drexel Apartments, Chicago, IL (middle right photo) – The 56-unit complex received $2,010,000 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 Michael Jehle (bottom left photo), Midwest Regional Director, in Arbor’s full-service Bloomfield Hills, MI, lending office.

 “The owners were looking for long-term, fixed-rate loans to refinance their existing debt coming due and provide some cash out if possible,” Jehle said. “We were able to satisfy their needs on both fronts in a very timely manner.”

Contact:  Christopher Ostrowski, costrowski@arbor.com