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APPLE VALLEY, MINN. — Arbor Commercial Funding, a wholly owned subsidiary of Arbor Commercial Mortgage, has funded a $1.85 million loan for Grand Manor Apartments in Apple Valley. The property offers 36 multifamily units. The loan, which was under the Fannie Mae DUS Small Loan product line, has a 10-year term and a 30-year amortization schedule. Patrick McNulty of Arbor’s Chicago office originated the financing on behalf of the undisclosed borrower.