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Brokerage
Posted: October 16, 2012
Kaushansky of Arbor Commercial Funding originates nine loans totaling $33.965 million; includes $14.015 million for The Staff 2 Bronx Portfolio
Arbor Commercial Funding, LLC has funded nine loans totaling $33.965 million under the Fannie Mae Delegated Underwriting & Servicing (DUS) Loan and Fannie Mae DUS Small Loan product lines.
* The Stagg 2 Bronx Portfolio: This 90-unit, 14-building multifamily portfolio received $14.015 million funded under the Fannie Mae DUS Loan product line.
* 387 Franklin Ave., Brooklyn: This 28-unit multifamily property received $7.4 million funded under the Fannie Mae DUS Loan product line.
* Nostrand Ave. Apartments, Brooklyn: This seven-unit multifamily property received $2,350,000 funded under the Fannie Mae DUS Loan product line.
* 355 Stockton St., Brooklyn: This 12-unit multifamily property received $2.625 million funded under the Fannie Mae DUS Small Loan product line.
* 110 Martense St. Apartments, Brooklyn: This 28-unit multifamily property received $1.8 million funded under the Fannie Mae DUS Small Loan product line.
* 495 Claremont Parkway Apartments: This 18-unit multifamily property received $1.51 million funded under the Fannie Mae DUS Small Loan product line.
* 179 Putnam Ave., Brooklyn: This six-unit multifamily property received $1.4 million funded under the Fannie Mae DUS Small Loan product line.
* 835 Home Apartments: This 21-unit, four-story low-rise multifamily apartment complex received $1.236 million funded under the Fannie Mae DUS Small Loan product line.
* 364 East 49th St., Brooklyn: This 12-unit multifamily property received $880,000 funded under the Fannie Mae DUS Small Loan product line.
All of the refinance loans carry a 10-year term and amortize on a 30-year schedule. The loans were originated by Alex Kaushansky, ([email protected]) VP in Arbor's New York office.
"As the top real estate market in the country and our headquarters area, Arbor's lending strength extends to all of New York City's boroughs no matter the size of the loan," Kaushansky said. "Boroughs like Brooklyn and the Bronx are hotbeds of economic activity and Arbor is there to support the needs of our clients with deep-rooted expertise in every submarket."
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