LITTLE ROCK, AR - Dougherty Mortgage LLC, a full service national mortgage banking firm, has arranged a $38.9 million Fannie Mae loan for the acquisition of The Pointe at Brodie Creek Phase I and II, a 359-unit market rate multifamily housing property located in Little Rock, Arkansas. The 10-year term, 30-year amortization loan was arranged by Dougherty’s Minneapolis, Minnesota office, for the borrower The Pointe at Brodie Creek, LLC.
The gated access community offers condo-style living and features a 78-seat theater, health club, late night concierge, pool and clubhouse. Apartment features include custom cabinetry and granite throughout, decorative tile and crown molding, modern fixtures and stainless steel appliances.
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, Tennessee, Texas and Virginia.
For more information, please visit www.doughertymarkets.com.