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.
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.