Arbor funds six loans totaling $32.686 million

Arbor Commercial Funding, LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC and a national, direct commercial real estate lender, recently funded six loans totaling $32.686 millon under theFannie Mae Delegated Underwriting & Servicing (DUS) Loan, Fannie Mae DUS Small Loan and Arbor Bridge Loan product lines. These loans include: * Grande Apartments - This 119-unit property received $9.392 million funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. * Bridge Portfolio, Hartford, Conn. - This 496-unit multifamily portfolio received a 24-month acquisition loan for $9 million funded under the Arbor Bridge Loan program. * Kingsley Arms Apartments, Asbury Park, N.J. - This 97-unit multifamily property received $5.52 million funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. * 361 Park Ave., Orange, N.J. - This 96-unit multifamily property received $5 million funded under the Fannie Mae DUS Small Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. * 204 Cleveland, Orange, N.J. - This 40-unit multifamily property received $1.9 million funded under the Fannie Mae DUS Small Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. * 275 South Harrison, East Orange, N.J. - This 33-unit multifamily property received $1.874 million funded under the Fannie Mae DUS Small Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. All of the loans were originated by Stephen York, vice president in Arbor's New York City office. "As the leading commercial real estate market, the New York tri-state area represents a tremendous opportunity to continually grow Arbor's business," York said. "With headquarters on Long Island and two offices in New York City, Arbor is clearly a leading presence in the market and we are happy to provide our clients with the customized financial solutions they seek as their long-term lending partner."