A 55-unit housing complex on Franklin Street in Worcester has secured a $2.6 million Fannie Mae refinancing loan.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.15 percent, according to New York-based Arbor Commercial Funding, which arranged the financing.

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

"This was an excellent fit for our small balance lending program," said Kelly. "We were able to provide nonrecourse financing at what continues to be historically low interest rates for our client."