Scharf of Arbor Commercial Funding negotiates $1.5 million in financing for 56-unit multifamily property - Barbara Manor Apartments

Arbor Commercial Funding, LLC (Arbor), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, and a national, direct commercial real estate lender, has funded a loan for Barbara Manor Apartments, a 56-unit multifamily property located at 1031 Emerson St. The subject received $1.5 million funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Brian Scharf, vice president in Arbor's Uniondale office negotiated the deal. "Arbor offers unique financing capabilities in the multifamily arena, as it offers one of the most diverse loan product lineups in the industry, from Fannie Mae to FHA to CMBS, Bridge and Mezzanine lending. Such diversity was key in providing these borrowers the right terms for their particular properties and investment scenarios," Scharf said. "We are also able to combine such product diversity with our strong geographic reach, allowing us to provide our clients financing expertise wherever they do business."