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Arbor closes $47m in Vegas loans.


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 two loans totaling $47,493,000 under the Fannie Mae Fannie Mae: see Federal National Mortgage Association.  DUS DUS Driving Under Suspension (criminal charge)
DUS Dwelling Unit (real estate)
DUS Dynamic Underground Stripping
DUS Dusseldorf, Germany - Dusseldorf (Airport Code) 
 MBS See Mb/sec.

MBS - mobile broadband services
 product line.

These loans include:

* La Villa Estates, Las Vegas, NV, a 336-unit complex in the amount of $23,500,000 funded under the Fannie Mae DUS MBS product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.46%.

* San Tropez Apartments, Las Vegas, NV, a 336-unit complex in the amount of $23,993,000 funded under the Fannie Mae DUS MBS product line.

he 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.99%.

The loans were originated at Arbor's Uniondale, NY headquarters.
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Date:Jul 1, 2009
Words:125
Previous Article:Eastern Union.
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