ARBOR ARRANGES THREE FANNIE MAE DUS LOANS

MASSACHUSETTS, NEW YORK AND CONNECTICUT — Arbor Commercial Funding has arranged $1.4 million in Fannie Mae DUS financing for Pyramid Apartments, a 16-unit property located in Hyde Park, Mass. The loan carries a 10-year term, a 30-year amortization schedule and a 5.98 percent note rate. John Kelly of Arbor's Boston office originated the financing. In addition, Edward Petti of Arbor's New York City office originated $1.85 million in Fannie Mae DUS financing for 1922 McGraw Avenue Cooperative, a 53-unit property located in the Bronx. The loan carries a 10-year term, a 30-year schedule and a 6.05 percent note rate. Finally, Kelly originated another Fannie Mae DUS loan in Seymour, Conn. The $1.61 million loan was for the 43-unit Sunny Knoll Apartments. The loan carries a 10-year term, a 30-year amortization schedule and a 6.15 percent note rate.