ARBOR ARRANGES TWO FANNIE MAE LOANS

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WEST HAVEN AND SEYMOUR, CONN. — Arbor Commercial Funding has arranged two loans under the Fannie Mae DUS program totaling $2.3 million. The first loan, which totals $2 million, is secured by Terrace Park Apartments, a 50-unit multifamily property located in West Haven. The loan carries a 10-year term with a 30-year amortization schedule and a 6.06 percent interest rate. The second loan, which totals $300,000, is secured by Westbrook Park Apartments, a 37-unit property located in Seymour. The loan carries a 5-year term with a 30-year amortization schedule and a 6.08 percent interest rate. Both loans were originated by John Edwards of Arbor’s Boston office.

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