Arbor Commercial Funding, LLC funded a $1.756 million loan under the Fannie Mae DUS Small Loans product line to refinance the 120-unit complex known as Fairway Sq.
The seven-year loan amortizes on a 30-year schedule and carries a note rate of 6.22%.
Jersey City, NJ Affinius Capital and Kennedy Wilson closed on the financing for the ground-up development of Harborside 8, a multifamily project located on the waterfront. The capitalization includes $78