Universal Mortgage is planning to open a Brooklyn Heights office, which will specialize in four- to five-unit cooperative buildings, the firm announced today. Universal Mortgage spokesperson Stacey Clapp said in a press release that the new branch, to open next month at 146 Montague Street, between Henry and Clinton streets, would be one of the few in the area able to specialize in helping buyers get loans backed by the Federal Housing Administration. The new office will be led by the group’s president and founder, Norman Calvo. [more]
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