Arbor Commercial Funding, LLC funded a $1.756 million loan under the Fannie Mae DUS Small Loans product line to refinance the 120-unit complex known as Fairway Sq.
The seven-year loan amortizes on a 30-year schedule and carries a note rate of 6.22%.
Brooklyn, NY Ridge Street Capital has funded a $2,117,500 DSCR purchase loan on a four-unit brownstone at 535 Washington Ave. in Clinton Hill. The loan closed October 15.