MINNEAPOLIS, MN - Dougherty Mortgage LLC, a full service national mortgage banking firm, recently closed a $719,380 Fannie Mae loan for the refinance of The Villas of West Memphis Phase II, a 51-unit multifamily affordable housing property located in West Memphis, Arkansas.
The 18-year term, 30-year amortization loan was arranged for The Villas of West Memphis Phase II, Limited Partnership by Dougherty’s Minneapolis, Minnesota office.
The Villas of West Memphis Phase II is a new apartment building for individuals aged 55 and over and includes an exercise facility.
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