Uniondale, N.Y.-based Arbor Commercial Funding, a subsidiary of Arbor Commercial Mortgage, recently completed the funding for three loans totaling $17.9 million to finance Lincoln Street Apartments, Pheasant Circle Apartments and Sherwood Park Apartments in Milford.

Each of the three loans amortizes on a 30-year schedule and carries a note rate of 6.38 percent, the company said.

The loan was originated by John Kelly, vice president, in Arbor’s Boston lending office.

"These transactions demonstrate the flexibility of our multifamily financing platform as we were able to provide acquisition financing at over 80 percent of the purchase price that includes funding for approximately $1 million in capital improvements," said Kelly.