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EAST LANSING, MI-Arbor Commercial Mortgage of Uniondale, NY, recently funded a $14-million loan under its Fannie Mae DUS product line to refinance the 530-unit complex known as Dover’s Crossing Apartments. The property is located near Michigan State University and has a significant percentage of student tenants.

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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