Uniondale, NY (Dec. 9, 2010) – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,920,000 loan under the Fannie Mae DUS® Small Loan product line for the 23-unit complex known as Delshah Valery Place (top left photo) in Washington, DC.
The 10-year loan amortizes on a 30-year schedule.
The loan was originated by Alexander Kaushansky (lower right photo), Director, in Arbor’s full-service New York, NY, lending office.
“The borrower acquired this property via a foreclosure sale,” Kaushansky said. “He saw value based on a great location in the Columbia Heights section of Washington, DC. The asset was fully rehabilitated and has been stabilized. We were happy to have provided a permanent loan for a repeat client.”
Contact: Christopher Ostrowski, costrowski@arbor.com
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