ARBOR CLOSES $2.75 MILLION LOAN IN LENEXA, KAN.

by admin

LENEXA, KAN. — Arbor Commercial Funding, a wholly owned subsidiary of Arbor Commercial Mortgage, has provided a $2.75 million loan under the Fannie Mae DUS COOP (MAH) product line for Quail Valley Cooperative. Located in Lenexa, the multifamily property offers 100 rental units. The 30-year loan has a 30-year amortization schedule and carries a note rate of 7.57 percent. Michael Jehle of Arbor’s Bloomfield Hills, Mich., office originated the loan for undisclosed borrower.

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