Arbor Commercial Funding closes $8.322 million Fannie Mae loan
Arbor Commercial Funding, LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, recently placed funding of a $8.322 million loan under the Fannie Mae DUS product line to finance the 94-unit complex known as Marian Gardens.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.42%.
The loan was originated by John Kelly, vice president, in Arbor's full-service Boston lending office. "This transaction demonstrated our ability to deliver excellent financing terms in a very uncertain market," said Kelly. "We look forward to continuing our financing relationship with this strong Boston-based provider of affordable housing."
Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
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The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.