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INDIANAPOLIS — Arbor Commercial Funding, a wholly owned subsidiary of Arbor Commercial Mortgage, has funded a $6 million loan for Three Fountains West Cooperative in Indianapolis. The 300-unit affordable housing community is located at 5501 W. 43rd St. The 10-year loan has a 30-year amortization schedule and carries a note rate of 5.31 percent. Michael Jehle of Arbor’s Bloomfield Hills, Mich., office originated the loan, which was funded under the Fannie Mae DUS Coop product line.