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GRAND JUNCTION, CO-Uniondale, NY-based Arbor Commercial Mortgage has funded a $1-million loan for the 36-unit Driftwood Apartments in this city in northwest Colorado. The refinancing was made under Fannie Mae’s DUS product line.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.33%.

Arbor’s DUS small loan program gives owners and developers of small apartment projects more efficient financing.

“Big deal or small deal, big city or small city, Arbor is in the business,” says Bob Flint, an Arbor senior loan officer based in Denver.

Arbor provides debt and equity financing for apartment complexes, senior and affordable housing, hotels, offices, industrial and retail properties. It has full-service lending officers covering all regions in the country.

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