FORT WORTH, TX - Dougherty Mortgage LLC, a full service national mortgage banking firm, recently closed a $7.9 million Fannie Mae loan for the acquisition financing of La Jolla on Meadowbrook, a market rate multifamily apartment property located in Fort Worth, Texas.
The Property was constructed in 1985 and includes 160 units located throughout 8, two-, three- and four-story apartment buildings. Property amenities include a clubhouse building with a community pool.
The Fannie Mae 10-year term, 30-year amortization loan was arranged for borrower TS Asset Meadowbrook LLC through a partnership with Old Capital Lending and Dougherty’s Minneapolis, Minnesota 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 Colorado, Illinois, Tennessee, Texas and Virginia.
For more information, please visit www.doughertymortgage.com