ARBOR ARRANGES $1.47 MILLION LOAN FOR MASS. APARTMENT BUILDING

HYANNIS, MASS. — Arbor Commercial Funding has arranged $1.47 million in Fannie Mae DUS financing for 357 Main, a 21-unit multifamily property located in Hyannis. The loan carries a 5.97 percent interest rate, a 10-year term and a 30-year amortization schedule. John Kelly of Arbor's Boston office originated the financing.