York of Arbor originates $2.121 million Fannie Mae DUS 3 Max Express loan for 58-unit complex

Arbor Commercial Funding, LLC closed a $2.121 million loan using Fannie Mae's DUS 3Max Express program to acquire the 58-unit complex known as Vista Circle Apartments. The 10-year loan amortizes on a 30-year schedule (five years, interest-only), and carries a note rate of 6.55%. The loan was originated by Stephen York, director, in Arbor's Uniondale, office. "We were able to successfully close the deal for this new borrower with the inclusion of the five-year interest-only term," said York. Arbor Commercial Funding, LLC, Arbor Commercial Mortgage, LLC, and Arbor Realty Trust, Inc., have extensive experience in mortgage origination, servicing and securitization and have built a reputation for service, quality and flexibility. Arbor's seasoned management team specializes in debt and equity financing for multifamily, office, retail, hotel and various other commercial real estate properties. The company offers a broad array of financing options including Fannie Mae DUS, FHA, CMBS, bridge and mezzanine products. Currently, Arbor services approximately $3 billion in loans. Arbor is a rated Standard & Poor's third-party commercial loan and special servicer. Arbor also manages Arbor Realty Trust, Inc., a real estate investment trust, (REIT), formed to invest in real estate-related bridge and mezzanine loans, preferred equity investments and in limited cases, discounted mortgage notes and other real estate related assets.