Arbor Commercial Funding, LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, has completed the funding of a $5,318,900 loan under the Fannie Mae DUS product line to refinance the 18-unit complex known as Mission Hill Portfolio.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.59%
The loan was originated by John Kelly, director of Arbor's lending office.
"Arbor was glad to provide financing for a repeat client, who again demonstrated their fine workmanship and excellent developmental strategy for this neighborhood," said Kelly.