ARBOR ARRANGES $2.68 MILLION FANNIE MAE LOAN

by admin

WORCESTER, MASS. — Arbor Commercial Funding has arranged $2.68 million in Fannie Mae DUS financing for Franklin Street, a 55-unit multifamily property located in Worcester. John Kelly of Arbor’s Boston office originated the loan, which includes a 10-year term, a 30-year amortization schedule and a 6.15 percent interest rate. The borrower was not disclosed. Arbor Commercial Funding is a wholly owned subsidiary of Arbor Commercial Mortgage.

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