Arbor Commercial Funding, LLC funded a $5.19 million loan under the Fannie Mae DUS loan product line to refinance the 100-unit complex known as Huntington Cove Townhomes.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.98%.
The loan was originated by Jay Porterfield, VP, in Arbor's full-service Plano, Tex. lending office. Tags: