Gaylord of Arbor closes $638,600 Fannie Mae DUS small loan for an eight-unit Sleepy Hollow complex

Arbor Commercial Funding, LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, funded a $638,600 loan under the Fannie Mae DUS Small Loan product line to refinance the eight-unit complex known as Sleepy Hollow. The property is located on 23-25 Clinton St. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.36%. The loan was originated by Dan Gaylord, director, in Arbor's full-service Austin, Tex. lending office. "The sponsor initially purchased the property as an under-performing asset," said Gaylord. "After successfully repositioning the property, we cashed him out so that he could enjoy a long-term fixed-rate note." Arbor Commercial Mortgage, LLC and Arbor Commercial Funding, LLC are national direct lenders specializing in the origination of debt and equity financing and servicing for multifamily and other diverse commercial assets. Arbor is a top ten Fannie Mae DUS lender and an FHA Multifamily Accelerated Process (MAP) lender, consistently building on its reputation for service, quality and flexibility. With a current servicing portfolio of $6.3 billion, Arbor is a rated Standard & Poor's third-party commercial loan and special servicer. Arbor Commercial Mortgage, LLC also manages Arbor Realty Trust, Inc., a real estate investment trust, (REIT), formed to invest in mortgage-related securities, real estate-related bridge, junior participating interests in first mortgages, mezzanine loans, preferred and direct equity investments and in limited cases, discounted mortgage notes and other real estate related assets. Arbor is headquartered in Uniondale with full-service lending offices throughout the U.S. For more information about Arbor, visit www.arbor.com.