Uniondale, NY, Dec. 1, 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 in Crystal Lake, IL. These loans include:
Uteg Apartments, Crystal Lake, IL (top left photo)– The 48-unit complex received $2,175,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule.
Brandywine Townhomes (lower left photo) – The 18-unit complex received $1,450,000 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 Stephen York (middle right photo), Director, in Arbor’s full-service New York, NY, lending office.
“Our clients traditionally financed their properties with local banks, but decided to take advantage of Arbor’s Fannie Mae Small Loan program because of our exceptional rates and terms,” York said.
“We were pleased to deliver final terms that exceeded our clients’ expectations and we look forward to future opportunities together.”
No comments:
Post a Comment