Edwards of Arbor closes $14.431m Fannie Mae loan for 252-unit complex

Arbor Commercial Funding, LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, funded a $14.431 million loan under the Fannie Mae DUS product line to finance the 252-unit complex known as Piedmont Plantation. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.22%. The loan was originated by John Edwards, VP, in Arbor's full-service Boston, Mass. lending office.