ARBOR SECURES $2.7 MILLION FANNIE MAE LOAN IN BROOKLYN

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NEW YORK CITY — Arbor Commercial Funding has secured $2.7 million in Fannie Mae DUS financing for Livonia Avenue Apartments, a 22-unit property in Brooklyn. The loan carries a 10-year term, a 30-year amortization schedule and a 5.87 percent interest rate. Alexander Kaushanksy of Arbor's New York City office originated the loan on behalf of the undisclosed borrower.

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