ARBOR ARRANGES TWO LOANS TOTALING $25.69 MILLION

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NEW YORK AND BREWERTON, N.Y. — Arbor Commercial Funding has arranged a total of $25.69 million in Fannie Mae DUS financing for two New York multifamily deals. In the first transaction, Edward Petti originated $21.81 million for the Hilltop Portfolio, an eight-building, 317-unit multifamily complex located in New York City. The loan carries a 6.5-year term, a 30-year amortization schedule and a 5.41 percent interest rate. In addition, Arbor's Ronen Abergel originated $3.88 million for Lakepointe Apartments, a 72-unit community located in Brewerton. The loan carries a 10-year term, a 30-year amortization schedule and a 5.75 percent interest rate. The borrowers in both transactions were not disclosed.

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