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Arbor Commercial Funding, LLC announced the recent funding of a $2,600,000 loan under Fannie Mae's 3MaxExpress[TM] product line to refinance the 61-unit complex known as Baxter Place Apartments, Portland, ME.


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

LLC - Logical Link Control
 announced the recent funding of a $2,600,000 loan under Fannie Mae's 3MaxExpress[TM] product line 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 61-unit complex known as Baxter Place Apartments, Portland, ME. The 10-year loan amortizes on a 30-year schedule and carries a fixed note rate of 6.10 percent.

The loan was originated by John Edwards This article or section contains information about one or more candidates in an upcoming or ongoing election.
Content may change as the election approaches.
, Director, in Arbor's full-service Boston, MA lending office.
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Title Annotation:Arbor Commercial Funding, LLC
Publication:Real Estate Weekly
Article Type:Brief article
Geographic Code:1USA
Date:Jun 14, 2006
Words:66
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