Uniondale, NY (Jan. 20, 2011) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of nine loans totaling $31,648,200 under the Fannie Mae DUS® Loan and Fannie Mae DUS® Small Loan product lines across New York State.
These loans include:
East Village Portfolio, New York, NY (top left photo) – The five-building, 52-unit portfolio received $15,243,200 funded under the Fannie Mae DUS® Small Loan product line. The 10-year loans amortize on 30-year schedules.
Brookhaven Apartments, Lancaster, NY (top right photo) – The 84-unit complex received $7,030,000 funded under the Fannie Mae DUS® Loan product line. The seven-year loan amortizes on a 30-year schedule.
Willow Wood Apartments, Lafayette, NY (middle left photo) – The 80-unit complex received $4,070,000 funded under the Fannie Mae DUS® Loan product line. The 10-year loan amortizes on a 30-year schedule.
Belmont Ridge, Tully, NY – The 66-unit complex received $2,550,000 funded under the Fannie Mae DUS® Loan product line. The 10-year loan amortizes on a 30-year schedule.
The loans were originated by Ronen Abergel, Vice President, in Arbor’s full-service New York, NY, lending office.
“Even amidst the current lending environment, we continue to execute transactions on time and as promised to the satisfaction of our clients,” Abergel said.
Contact: Christopher Ostrowski, costrowski@arbor.com
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