MINNEAPOLIS, MN - Dougherty Mortgage LLC, a full service national mortgage banking firm, has arranged a $10.9 million HUD 223 (f) loan for the refinance of e2 Apartments, a 58-unit market rate rental property located in St. Louis Park, Minnesota.
The e2 Apartments offer energy efficient design with oversized windows and top grade finishes including floor plans from studios to two-level penthouse plans. The property is conveniently located a short walk to the Minneapolis Chain of Lakes and minutes from downtown Minneapolis. The 35-year term and amortization loan was arranged by Dougherty’s Minneapolis office for Ellipse II, LLC.
Dougherty Mortgage LLC is a full service mortgage banking firm, an approved FHA MAP and LEAN lender, as well as a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, offering a variety of loan products for the acquisition, refinance, construction or rehabilitation of various property types.
In addition, Dougherty Mortgage LLC provides loan servicing on their mortgages and is an approved Ginnie Mae seller/servicer, currently servicing in excess of $3 billion of loans. Based in Minneapolis, Dougherty Mortgage also has additional offices in California, Colorado, Maryland and Texas.
For more information, please visit www.doughertymortgage.com