Arbor Commercial Funding, LLC recently funded a $1,449,500 loan under the Fannie Mae DUS Small Loan product line for the 66-unit complex known as Little Creek Apartments. The 10-year loan amortizes on a 30-year schedule.
The loan was originated by Stephen York, director, in Arbor's full-service New York, NY, lending office.
"We were pleased to provide our clients with terms that exceeded their expectations and we look forward to growing our financial partnership," York said.