Kelly of Arbor Commercial Funding arranges $1.6 million loan for Sunny Knoll

Arbor Commercial Funding, LLC recently funded a $1.615 million loan under the Fannie Mae DUS loan product line for the 43-unit complex known as Sunny Knoll Apartments. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.15%. The loan was originated by John Kelly, vice president, in Arbor's full-service Boston lending office. "Arbor was pleased to finance this asset that has been family-owned for a generation," said Kelly. "The refinance allowed the client to execute a capital improvement plan for continued property enhancement. We look forward to our next opportunity to work with this well-positioned ownership group."

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Windsor approves redevelopment of 500 Day Hill Rd. for mixed-use residential community

Windsor, CT The town has granted approvals for the redevelopment of 500 Day Hill Rd., clearing the way for a mixed-use residential community that will convert a former office campus into a housing development totaling approximately 300 residential units

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Girolamo of Horvath & Tremblay sells Cabot Collection for $21.5 million - a 77-unit multi-family portfolio

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