York of Arbor negotiates $55 million for 64-unit property

Arbor Commercial Funding, LLC has funded a $55 million loan for a 64-unit multifamily property. The loan was funded under the Arbor Realty Trust Bridge loan product line. The three-year loan for was for a new acquisition. Stephen York, vice president in Arbor's N.Y. office, originated the loan. "Arbor strives to provide all of our clients with the loan product that is best for them nationwide," said York. "With such a diverse product line, we have something that fits every borrower's need, no matter the loan size or property location."