Abergel of Arbor Commercial funds $18.55 million in multifamily deals; Gateway Commons receives $7.65 million under Fannie Mae DUS loan

Arbor Commercial Funding, LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, and a national, direct commercial real estate lender, completed the recent funding of three loans totaling $18.55 million across the country under a variety of loan programs. All of the loans were originated by Ronen Abergel, vice president in Arbor's New York office. These loans include: * Gateway Commons Apartments, 5001 Transit Rd., Depew. This 88-unit multifamily property received $7.65 million funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The complex was constructed in 2011. * Newell Apartments, 19-43 and 20-74 Newell Ave., Tonawanda. This 72-unit multifamily property received $3.2 million funded under the Fannie Mae DUS Small Loan product line. The 7-year refinance loan amortizes on a 30-year schedule. Made up of 11 separate buildings, each building contains its own laundry facility. The Newell Apartment complex is located six miles from Buffalo. * Multifamily property, Ravena. The property address was not disclosed. This 278-unit property received $7.7 million funded under the Arbor Bridge Loan product line. The refinance loan has a term of 24 months.