EAGAN, MN - Dougherty Mortgage LLC, a full service national mortgage banking firm, has arranged a $24 million Fannie Mae loan for the acquisition of Thomas Lake Pointe Apartments, a 216-unit market rate multifamily housing property located in Eagan, Minnesota. The 12-year term, 30-year amortization loan was arranged by Dougherty’s Minneapolis office, for borrower Thomas Lake Pointe Apartments LLC.
Thomas Lake Pointe Apartments offers one, two, and three bedroom floor plans with wooded views, spacious design, underground parking, and in-unit washer and dryer. The property includes a lodge-style community center with 24-hour fitness center, poolside pub with billiards, and hot tub.
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 $3.5 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