DALLAS, TX - Dougherty Mortgage LLC, a full service national mortgage banking firm, has arranged a $19.3 million Fannie Mae loan for the acquisition of Mandalay Apartment Homes, a 281-unit multifamily apartment home property located in Dallas, Texas.
The 10-year term, SARM, 30-year amortization, 3-year interest only loan was arranged by Dougherty’s Minneapolis office, for borrower Mandalay Apartments, LLC.
The gated, pet-friendly, Mediterranean style property is located near UTD College and minutes from four major highways. Property amenities include a fitness facility, two pools, and a barbeque area. Apartments feature nine-foot or vaulted ceilings, garden bathtubs, ceiling fans and spacious walk-in closets.
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