Arbor Promotes Ken Fazio to Senior Vice President, National Production Manager

Uniondale, NY (Jan. 18, 2011) - Arbor Commercial Mortgage, LLC (“Arbor”) announces the promotion of Ken Fazio (top right photo) to Senior Vice President, National Production Manager. Mr. Fazio previously held the title of Vice President, National Sales Manager.

Mr. Fazio will continue to oversee Arbor’s overall loan production through the management of the company’s National Sales Team and corporate accounts.

During his nearly four years with Arbor, Mr. Fazio collaborated in the expansion of the company’s origination infrastructure and has also helped develop numerous management policies affecting corporate sales, travel and expenses.

He has worked in connection with the Marketing, Underwriting, Capital Markets and Closing departments to help raise Arbor’s profile in the lending industry and has contributed to refining and growing Arbor’s business processes, loan volume and customer service.

Prior to joining Arbor in 2007, Mr. Fazio was a President/Partner at First Eagle Mortgage, Inc., a boutique brokerage firm focusing on residential transactions.

Previously, he held positions as Regional Manager for Champion Mortgage, Vice President of Sales for Mailnet, Inc. and Area Manager for TNT Worldwide Inc. In his career, he has also held sales posts with Curtis 1000, Inc. and US Sprint.    

Mr. Fazio earned a Bachelor of Science Degree in Marketing from the State University of New York at Old Westbury. He resides in Wantagh, NY.

Contact:  Christopher Ostrowski, costrowski@arbor.com

Arbor Closes Nine Fannie Mae DUS® Loans Totaling $31.6M In New York

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.

Apple Ridge, Lafayette, NY (lower right photo) – The 56-unit complex received $2,755,000 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