NEW RICHMOND, WI - Dougherty Mortgage LLC, a full service national mortgage banking firm, recently closed a $1.4 million Fannie Mae loan for the refinance of Deer Path Townhomes, a 48-unit multifamily affordable townhome property located in New Richmond, Wisconsin.
Nestled in a park setting, Deer Path Townhomes offers two and three bedroom townhomes featuring central air and dishwashers and a single car garage with automatic opener.
The Fannie Mae variable rate ARM 7-6 loan with 30-year amortization was arranged for borrower, New Richmond Leased Housing Associates II, Limited Partnership, through Dougherty’s Minneapolis office.
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 offices in California, Colorado, Illinois, Tennessee, Texas and Virginia.
For more information, please visit www.doughertymortgage.com