Arbor Participates in Small Loans Space with $688,000 Financing
- Apr 23, 2010
Portland, Ore.–Arbor Commercial Funding LLC recently funded a $688,000 loan under the Fannie Mae DUS Small Loan product line for the 17-unit complex known as Cedar Brook Apartments in Portland, Ore.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.95 percent.
The loan was originated Brian Scharf, director in Arbor’s full-service Uniondale, N.Y. lending office. “As we continue to grow our presence in the Northwest, this particular transaction, a quality asset in a strong market, showcases our commitment to providing capital solutions in the small loan space,” says Scharf.