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FALL RIVER, MASS. — Arbor Commercial Funding has funded a $2.05 million loan for the acquisition of the 49-unit Clearview Apartments in Fall River. The loan was originated by John Kelly of Arbor. The 5-year loan amortizes on a 30-year schedule and carries a note rate of 5.63 percent. The loan was provided under the Fannie Mae DUS 3MaxExpress product line. The borrower was undisclosed.