Arbor Commercial Funding closes four loans totaling $16.405 million

Arbor Commercial Funding, LLC (Arbor), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, completed the funding of four loans totaling $16.405 million under the Fannie Mae DUS Loan and Fannie Mae DUS Small Loan product lines across New York State. These loans include: * Brookhaven Apartments, Lancaster - The 84-unit complex received $7.03 million funded under the Fannie Mae DUS Loan product line. The seven-year loan amortizes on a 30-year schedule. * Willow Wood Apartments, Lafayette - The 80-unit complex received $4.07 million funded under the Fannie Mae DUS Loan product line. The 10-year loan amortizes on a 30-year schedule. * Apple Ridge, Lafayette - The 56-unit complex received $2.755 million funded under the Fannie Mae DUS Loan product line. The 10-year loan amortizes on a 30-year schedule. * Belmont Ridge, Tully - The 66-unit complex received $2.55 million 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 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.