ARBOR COMMERCIAL FUNDING CLOSES $1.3 MILLION LOAN

by admin

PROVIDENCE, R.I. — John Edwards of Arbor Commercial Funding has originated a $1.3 million loan in Providence. The funding was used by an undisclosed borrower to acquire Allendale Crossing, a 25-unit multifamily complex. Funding was provided by the Fannie Mae DUS 3MaxExpress program. The 10-year loan was based on a 30-year amortization schedule with a note rate of 6.47 percent.

You may also like