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MONTGOMERY, ALA. — Arbor Commercial Funding has provided $11.86 million in refinancing under Fannie Mae’s DUS program for Woodmere Apartments, which is a community situated on approximately 14 acres in Montgomery. Financing for the 200-unit facility was based on a 10-year term, with a 30-year amortization schedule at a rate of 6.08 percent. The loan also includes interest-only payments for the first 5 years. Ronen Abergel of Arbor Commercial Funding’s New York City office originated the loan.