ARBOR ARRANGES TWO FANNIE MAE LOANS IN N.Y.

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MANCHESTER AND DEWITT, N.Y. — Arbor Commercial Funding has arranged a total of $10.12 million in Fannie Mae DUS funding for two New York multifamily communities. A $5.48 million loan was secured for Clover Crossings Apartments, a 72-unit community located in Manchester. A $4.64 million loan was secured for Maplewood Apartments in DeWitt. Both loans carry 10-year terms and 30-year amortization schedules. Ronen Abergel of Arbor's New York City office originated the loans.

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