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Posted: November 5, 2010
Scharf of Arbor Commercial originates three loans totaling $9.616 million
Arbor Commercial Funding, LLC funded three loans under the Fannie Mae DUS Loan and Fannie Mae DUS Small Loan product lines totaling $9.616 million. The loans were originated by Brian Scharf, director, in Arbor's full-service Uniondale, N.Y., lending office. These loans include:
* Mountain Glen Apartments: The 147-unit complex received $5.12 million funded under the Fannie Mae DUS Loan product line. The 10-year loan amortizes on a 30-year schedule.
* Cloverfield Place Apartments, Portland, OR: The 72-unit complex received $3.25 million funded under the Fannie Mae DUS Loan product line. The 10-year loan amortizes on a 30-year schedule.
* Hawthorne Apartments, Portland, OR: The 17-unit complex received $1.246 million funded under the Fannie Mae DUS Small Loan product line. The 10-year loan amortizes on a 30-year schedule.
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