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Terryville Housing Complex Gets $2.6M Fannie Loan

February 13, 2009 | Reprints | Unlock Link | Print

Quail Hollow Village, Terryville Arbor Commercial Funding LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, has closed on a $2.66 million Fannie Mae loan to finance the 66-unit complex known as Quail Hollow Village in Terryville.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.42 percent.

The loan was originated by John Edwards, vice president, in Arbor’s Boston lending office. "We were pleased with the opportunity to provide financing for this local owner and operator," said Edwards.