Abergel of Arbor closes $12.9 million Fannie Mae loan

Arbor Commercial Funding, LLC funded a $12.9 million loan under the Fannie Mae DUS Loan product line for the 200-unit complex known as Park Place. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.89%. The loan was originated by Ronen Abergel, director, in Arbor's full-service New York lending office. "This deal represents the borrower's sixth transaction with Arbor and we look forward to financing more projects in the future," said Abergel.