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