Arbor Funds $14-Mil Multifamily Near MSU

EAST LANSING, MI-The Detroit office of Long Island-based Arbor Commercial Mortgage arranges financing for student apartments near Michigan State University. The 530-unit Dover's Crossing Apartments was financed at a 6.7% interest rate.

By Robert Carr | November 02, 2001 at 01:01 AM

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.70%. Mike Jehle, loan officer in Arbor's Detroit office, originated the loan.

The company is a provider of debt and equity financing for multifamily apartment complexes, senior and housing, hotels, office, industrial and retail properties.

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