The loan was originated by Michael Jehle, Midwest regional director, and was underwritten in Arbor's Bloomfield Hills lending office.
"This loan was funded for a repeat borrower of Arbor," Jehle reports. "Our Fannie Mae second mortgage supplemental loan program allowed the borrower to take additional cash out of his property for other real estate investments. The borrower was very pleased with the ability to draw down additional funds on top of the first mortgage."
Based in Uniondale, NY, Arbor Commercial Mortgage specializes in debt and equity financing for multifamily, healthcare and commercial real estate. Arbor services approximately $3 billion in loans.
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