News: Finance

Kaushansky of Arbor Commercial Funding completes $18.1 million to finance 154 units

Arbor Commercial Funding, LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, has completed the recent funding of an $18.1 million loan under the Fannie Mae DUS loan product line for the 154-unit apartment complex known as 2025 Seward. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.90%. The loan was originated by Alexander Kaushansky, director in Arbor's full-service office in New York City. "The borrower received competitive terms through Arbor's Fannie Mae DUS program," said Kaushansky. "We were able to deliver on all of the client's requests and look forward to continuing this partnership for future transactions." 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 a 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, NY with full-service lending offices throughout the U.S.
Tags: Finance
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