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Arbor Commercial Funding, LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1.25 million loan to refinance the 76-unit complex known as Country Ridge Apartments, Manchester, Iowa.


Arbor Commercial Funding, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1.25 million loan to refinance Refinance

1. When a business or person revises their payment schedule for repaying debt.

2. Replacing an older loan with a new loan offering better terms.

Notes:
When a business refinances they typically extend the maturity date.
 the 76-unit complex known as Country Ridge Apartments, Manchester, Iowa Manchester is a city in Delaware County, Iowa, United States. The population was 5,257 at the 2000 census. As of the 2005 population estimates, Manchester's population was 5,052. It is the county seat of Delaware CountyGR6. . The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.91 percent. The loan was originated by Aaron Abelson, director, in Arbor's Chicago office.
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Article Details
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Jan 25, 2006
Words:63
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