Arbor Commercial Funding, LLC has funded eight loans totaling $20.019 million across New England under the Fannie Mae Delegated Underwriting & Servicing (DUS) Loan, Fannie Mae DUS Small Loan and Fannie Mae DUSARM 7-6 loan product lines. These loans include:
* Concord Portfolio, Concord, NH: This seven-property, 337-unit multifamily portfolio received a combined total of $16.325 million funded under the Fannie Mae DUS Loan and Fannie Mae DUS Small Loan product lines. The 10-year refinance loans amortize on 30-year schedules. The portfolio consists of the following properties: Meadow Brook Apartments, Pinewood Village, Pines of West Concord, Mill Place West Apartments, Ormond Street Apartments, Vineyard Terrace Apartments and Prescott Street Apartments.
* 66-72 Hamilton Street, Cambridge, MA: This 11-unit multifamily property received $3.694 million funded under the Fannie Mae DUS ARM 7-6 loan product line. The seven-year refinance loan amortizes on a 30-year schedule.
All of the loans were originated by Ronen Abergel, VP in Arbor's New York City office. Tags: