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Monday, November 1, 2010

Arbor Closes Two Upstate NY Fannie Mae DUS® Loans Totaling $10,120,000

UNIONDALE, NY (Nov. 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® Loan product line. These loans include:

Clover Crossings Apartments, Manchester, NY (top left photo) – The 72-unit complex received $5,480,000 funded under the Fannie Mae DUS® Loan product line. The 10-year loan amortizes on a 30-year schedule.

Maplewood Apartments, DeWitt, NY (middle right photo) – The 132-unit complex received $4,640,000 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, Director, in Arbor’s full-service New York, NY, lending office.

Contact: Christopher Ostrowski, costrowski@arbor.com

Thursday, October 14, 2010

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.”