Kaushansky of Arbor Commercial originates two loans: $4.144 million total

According to Arbor Commercial Funding, the company has completed funding on three loans, totaling $5.609 million. Arbor completed the recent funding of a $2.7 million loan under the Fannie Mae DUS Small Loan product line for the 22-unit complex known as Livonia Ave. Apartments. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.87%. The loan was originated by Alexander Kaushansky, director, in Arbor's full-service New York, NY lending office. "The borrower was looking for permanent financing after they completed construction and leased up the property," said Kaushansky. "Arbor was able to provide a permanent 10-year loan that met his requirements." Arbor has also closed the recent funding of a $1.444 million loan under the Fannie Mae DUS Small Loan product line for the 17-unit complex known as 421 East 82nd St. Apartments in New York City. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.05%. The loan was originated by Kaushansky. In a third transaction, Arbor completed the recent funding of a $1.465 million loan under the Fannie Mae DUS Small Loan product line for the 12-unit complex known as 509 East 12th St. The 15-year loan amortizes on a 15-year schedule and carries a note rate of 5.88%. The loan was originated by Brian Scharf, director, in Arbor's full-service Uniondale, lending office. "The borrowers are the original property developers and were very passionate about this deal," said Scharf. "Additionally, the location and hands-on ownership made it a great refinance opportunity for Arbor as we continue to grow our small balance program." Founded by chairman and CEO Ivan Kaufman, 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 real estate assets. Arbor is a top ten Fannie Mae DUS lender and an FHA Multifamily Accelerated Processing (MAP) lender, consistently building on its reputation for service, quality and flexibility. With a current servicing portfolio of $7.5 billion, Arbor is a rated Standard & Poor's primary commercial loan servicer 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 and mezzanine loans, junior participating interests in first mortgages, 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.