Short of Arbor Commercial closes nine loans totaling $40.097 million

Ari Short, Arbor Commercial

New York, NY Arbor Commercial Mortgage, LLC has funded nine loans totaling $40.097 million across New York under its Freddie Mac Small Balance Loan program. Ari Short, an originator in Arbor’s New York office, originated each of the loans. The loans included the following:

• Bronx portfolio: 97 units stretched over three multifamily properties. The property received $12.67 million funded under Freddie Mac Small Balance Loan product line. The 20-year refinance loan with five years fixed amortizes on a 30-year schedule.

• Eastern Pwy. Portfolio, Brooklyn: 49 units stretched over five multifamily properties received $9.617 million funded under Freddie Mac Small Balance Loan product line. The 20-year refinance loan with five years fixed amortizes on a 30-year schedule.

• 429 Lenox Ave. Apartments, New York: This 23-unit multifamily property received $5.125 million funded under the Freddie Mac Small Balance Loan product line. The 20-year refinance loan with five years fixed amortizes on a 30-year schedule.

• 3212 Cruger Ave.: This 27-unit multifamily property received $3.1 million funded under the Freddie Mac Small Balance Loan product line. The 20-year refinance loan with five years fixed amortizes on a 30-year schedule.

• 402 E 136^th St. Apartments, New York: This 20-unit multifamily property received $2.85 million funded under the Freddie Mac Small Balance Loan product line. The 20-year refinance loan with five years fixed amortizes on a 30-year schedule.

• 181, 183, 187 City Island Ave., Bronx: This 18-unit multifamily property received $2.1 million funded under the Freddie Mac Small Balance Loan product line. The 20-year refinance loan with five years fixed amortizes on a 30-year schedule.

• 1006 Intervale Ave., Bronx: This 21-unit multifamily property received $2 million funded under Freddie Mac product line. The 20-year refinance loan with five years fixed amortizes on a 30-year schedule.

• 522 E 149^th St. Apartments, New York: This 10-unit multifamily property received $1.38 million funded under the Freddie Mac Small Balance Loan product line. The 20-year refinance loan with five years fixed amortizes on a 30-year schedule.

• 317 E 150^th St. Apartments, New York: This 16-unit multifamily property received $1.325 million funded under the Freddie Mac Small Balance Loan product line. The 20-year refinance loan with five years fixed amortizes on a 30-year schedule.

“Arbor has the nationwide expertise that’s required to meet borrower demands no matter where they do business, including across the vibrant East Coast market,” Short said. “As demonstrated by this collection of loans, Arbor is providing investors the personal service and customized loan products they need to take advantage of today’s strong multifamily market conditions.”