ARBOR ARRANGES TWO FANNIE MAE DUS LOANS

by admin

MONTVILLE, CONN., AND PHILADELPHIA — Arbor Commercial Funding has arranged two Fannie Mae DUS loans for apartment communities in Connecticut and Pennsylvania. The first loan totals $1.35 million and is secured by Lakeside Manor Apartments, a 24-unit property located in Montville. The second loan totals $1.08 million and is secured by the 48-unit Vernon House Cooperative in Philadelphia. Both loans carry 10-year terms and 30-year amortization schedules. John Edwards of Arbor's Boston office originated the former loan, and Edward Petti of Arbor's New York City office originated the latter.

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