PALOS HILLS, IL - Dougherty Mortgage LLC, a full service national mortgage banking firm, has closed a $17.3 million Fannie Mae loan for the refinance of Green Oaks Apartments, a 384-unit multifamily affordable housing property located in Palos Hills, Illinois.
The 10-year term, 30-year amortization loan was originated by Dougherty’s Austin, Texas office, for borrower Green Oaks at Palos Hills LP. Community amenities include laundry facilities, community room, playground and heated outdoor pool.
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