UNIONDALE, NY– Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,900,000 loan under the Fannie Mae DUS® Loan product line for the 20-unit complex known as Kensington Townhomes (top left photo) in Lansing, NY.
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.
“This was our third transaction with these clients, who were looking to close quickly on this purchase in order to preserve their 1031 exchange,” York said.
“We were pleased to deliver exceptional terms that exceeded our clients’ expectations and we look forward to future opportunities together.”
Contact: Christopher Ostrowski, costrowski@arbor.com
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