News:
Brokerage
Posted: May 22, 2009
York of Arbor originates a $2.43 million Fannie Mae loan
Arbor Commercial Funding, LLC (Arbor), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, funded a $2.43 million loan under the Fannie Mae DUS Small Loan product line for the nine-unit property known as 81 Olive St.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.05%.
The loan was originated by Stephen York, director, in Arbor's full-service New York lending office.
"The borrower's existing loan was approaching maturity and came to Arbor looking for long-term fixed-rate financing," said York. "We were pleased to deliver competitive terms, which included sizeable cash out."
Tags:
Brokerage
MORE FROM Brokerage
Sobel of RIPCO Real Estate signs Redefine Meals as newest tenant at New Hyde Park Place
New Hyde Park, NY New Hyde Park Place, the rebranded commercial property at 271-02 Union Tpke.on the Nassau/Queens border, has signed new tenant Redefine Meals, the Long Island-based prepared-meal company, for a new 1,000 s/f location, starting on September
Quick Hits
Columns and Thought Leadership
A guide to finding the right NYC property management company - by Sanjay Gandhi
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Positive forecast for New York’s pro-housing push? - by Philip Butler
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
.gif)
September Promotion
