Arbor Completes $9.5M Fannie Mae Refi Loan
- Jun 25, 2010
Raleigh, N.C.–Arbor Commercial Funding LLC recently funded a $9,500,000 loan under the Fannie Mae DUS loan program. The loan was for the 244-unit complex Four Seasons Apartments in Raleigh, NC.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.82 percent.
Joseph Donovan, senior vice president, Production Management, in Arbor’s full-service Boston lending office says, “We were pleased to deliver a refinance loan that met the specific timing needs for our valued client.”