ARBOR ARRANGES TWO AGENCY LOANS TOTALING $4.2M IN NYC

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NEW YORK CITY — Arbor Commercial Funding has originated two Fannie Mae DUS loans for two New York City multifamily properties. In the first deal, a $3 million loan was provided for the 83-unit property located at 95-101 St. Marks Place. In the second deal, $1.2 million was provided for a 20-unit property located at 539 W. 49th St. Both loans carry 5-year terms and 30-year amortization schedules. Edward Petti of Arbor's New York City office was the originator.

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