$1.99 MILLION LOAN ARRANGED FOR MULTIFAMILY PROPERTY IN NORTH CAROLINA

HICKORY, N.C. — Arbor Commercial Funding, a wholly owned subsidiary of Arbor Commercial Mortgage, had funded a $1.99 million loan for Hickory Square Apartments in Hickory. The property offers 108 apartment units. Ronen Abergel of Arbor's New York office originated the 10-year loan, which carries a 30-year amortization schedule. The loan was funded under the Fannie Mae DUS Small Loan product line.