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BOSTON — Arbor Commercial Funding has arranged $1.96 million in financing for a 16-unit apartment community, located at 106 Wrentham St. in Boston. The loan carries a 10-year term with a 30-year amortization schedule and a 5.7 percent interest rate. It was originated by John Kelly of Arbor’s Boston office. The loan was obtained through the Fannie Mae DUS Small Loan product line. The borrower was undisclosed.