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$23M Tower loan.


Arbor Commercial Mortgage, LLC ("Arbor") announced the recent funding of a $23,000,000 loan under its conduit product line to refinance the office building known as The Tower Office Building, Franklin Township, NJ.

The 7-year loan amortizes on a 30-year schedule and carries a note rate of 5.93%.

The loan was originated by Peter Blass, Loan Officer in Arbor's full-service New York lending office.

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Title Annotation:Banking, Finance & REITs
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U2NJ
Date:Jul 28, 2004
Words:66
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