News: Finance

Abergel of Arbor closes six Fannie Mae deals totaling $23.631 million

According to Arbor Commercial Funding, LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC and a national, direct commercial real estate lender, it has completed funding of six loans totaling $23.631 million under the Fannie Mae DUS Loan and Fannie Mae DUS Small Loan product lines. These loans include: * The L at 30th Drive, Astoria, N.Y. - This 39-unit complex received $8.9 million funded under the Fannie Mae DUS Loan product line. This 10-year refinance loan amortizes on a 30-year schedule. * Ludlow Street Apartments, New York, N.Y. - This 27-unit complex received $1.8 million funded under the Fannie Mae DUS Small Loan product line. This 10-year refinance loan amortizes on a 30-year schedule. * Stones Crossing, Rock Hill, S.C. - The 160-unit complex received $5.4 million under the Fannie Mae DUS Loan product line. This 10-year refinance loan amortizes on a 30-year schedule. * Hartford Hills Apartments, Los Angeles, Calif. - This 102-unit complex received $3.645 million funded under the Fannie Mae DUS Small Loan product line. This seven-year refinance loan amortizes on a 30-year schedule. * 232 Union Place Apartments, Los Angeles, Calif. - This 50-unit complex received $2.7 million funded under the Fannie Mae DUS Small Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule. * 2352 Glendale Blvd., Los Angeles, Calif. - This 16-unit complex received $1.186 million funded under the Fannie Mae DUS Small Loan product line. This seven-year refinance loan amortizes on a 30 year schedule. All of loans were originated by Ronen Abergel, vice president in Arbor's full-service New York City office.
Tags: Finance
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