DALLAS, TX - Dougherty Mortgage, a full service national mortgage banking firm, recently closed a $4.3 million Fannie Mae loan for Stonewood Terrace, a 160-unit market rate multifamily apartment property located in Dallas, Texas.
The controlled access property is near public transit and has an on-site playground, laundry and high speed internet availability.
The Fannie Mae 10-year term, 30-year amortization loan was arranged through Dougherty’s Minneapolis office for borrower, Stonewood Terrace Apartments, Ltd.
About Dougherty Mortgage: 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 $4 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