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Brokerage
Posted: May 3, 2016
Arbor Commercial originates four loans totaling $19.65 million
Stephen York, Arbor
Alex Kaushansky, Arbor
Binghamton, NY Arbor Commercial Mortgage, LLC completed the recent funding of six loans totaling $19.65 million across the region under Arbor’s Freddie Mac Loan and Freddie Mac Small Balance Loan programs.
The loans included the following:
• Chenango Place: This 176-unit multifamily property received $12.975 million funded under the Freddie Mac product line. The seven-year refinance loan amortizes on a 30-year schedule and was originated by vice president Alex Kaushansky.
• Fayetteville Pines in Fayetteville: This 78-unit multifamily property received $3 million funded under the Freddie Mac Small Balance Loan product line. The 20-year refinance loan amortizes on a 30-year schedule and was originated by vice president Stephen York.
• Maple Manor Apartments in Bridgeport: This 72-unit multifamily property received $2.175 million funded under the Freddie Mac Small Balance Loan product line. The 10-year refinance loan amortizes on a 30-year schedule and was originated by York.
• 41 Wayne Ave. in Suffern: This 16-unit multifamily property received $1.5 millionfunded under the Freddie Mac Small Balance Loan product line. The 10-year refinance loan amortizes on a 30-year schedule and was originated by origination sales associate Ari Short.
41 Wayne Avenue - Suffern, NY
Chenango Place - Binghamton, NY
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