New York-based Arbor Commercial Funding LLC , a wholly-owned subsidiary of Arbor Commercial Mortgage LLC, recently funded two loans totaling $4.03 million for apartment complexes in Taunton and Chelsea.

A 31-unit complex at 12 Chandler Ave. in Taunton received $2.13 million in funding, according to a statement. The 10-year loan, funded under the Fannie Mae DUS Small Loan product line, amortizes on a 30-year schedule.

A 17-unit complex at 466 Broadway in Chelsea received $1.9 million in funding. The seven-year refinance loan, funded under the Fannie Mae DUS Affordable Housing product line, amortizes on a 30-year schedule.

Each of the loans was originated by John Kelly, vice president, in Arbor’s full-service Boston office.