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Boston’s Arbor Office Closes $1.26M Loan For Conn. Apartments

Feb 9, 2010 | Reprints | Unlock Link | Print

New York’s Arbor Commercial Funding LLC has closed on a $1.26 million loan for the 22-unit Carriage Hills Apartments in New Haven, Conn.

The 10-year loan, provided under the Fannie Mae DUS Small Loan product line, amortizes on a 30-year schedule and carries a note rate of 6.02 percent.

The loan was originated by John Edwards, vice president in Arbor’s full-service Boston lending office. Fred Vogell of Mortgage Resources acted as the loan correspondent.

"We were pleased with the opportunity to provide a repeat client new financing for a solid-performing asset," said Edwards.

Arbor Commercial Funding is a subsidiary of Arbor Commercial Mortgage LLC.

Residential Real Estate