McGovern of Arbor originates $3.086 million Fannie Mae DUS loan

Arbor Commercial Funding, LLC funded a $3.086 million loan under the Fannie Mae DUS Small Loans product line to refinance the 21-unit complex known as 507 W 139th St. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.29%.The loan was originated by Arbor director Patrick McGovern.

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Meridian Capital Group arranges $29.65 million construction loan for single-family residential development

Plano, TX Meridian Capital Group has arranged $29.65 million in construction financing for the first phase of a single-family residential community located at 2601 East Parker Rd. The 80% loan-to-cost, non-recourse financing was provided by Arixa Capital and