$2.6 MILLION LOAN ARRANGED FOR MINNESOTA APARTMENT COMMUNITY

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DULUTH, MINN. — Arbor Commercial Funding, a wholly owned subsidiary of Arbor Commercial Mortgage, has funded a $2.6 million loan for the 107-unit Summit Breckenridge Apartments in Duluth. The financing was arranged under the Fannie Mae DUS Small Loan product line. The 10-year loan has a 30-year amortization schedule and carries a note rate of 5.75 percent. Ted Nasca of Arbor's Chicago office originated the loan.

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