ARBOR ARRANGES $7.09 MILLION FANNIE MAE LOAN IN MASSACHUSETTS

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ACTON, MASS. — Arbor Commercial Funding has provided $7.09 million in Fannie Mae DUS financing for the acquisition of Spring Hill Commons, a 105-unit multifamily community located in Acton. The loan carries a 10-year term, a 30-year amortization schedule, a 5.71 percent interest rate and a loan-to-value ratio of more than 80 percent. It was originated by John Kelly of Arbor's Boston office. The borrower was not disclosed.

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