Dougherty Mortgage Closes $1.9 Million Fannie Mae Loan for Lake Shore Apartment Portfolio

CLEVELAND, OH - Dougherty Mortgage LLC, a full service national mortgage banking firm, recently closed a $1.9 million Fannie Mae loan for the refinancing of Lake Shore Apartment Portfolio, a 74-unit market rate multifamily apartment property located in Cleveland, Ohio.  

The 10-year loan has a 30-year amortization schedule and was arranged through Dougherty’s Minneapolis office for borrower ABBE Property & Management Limited Liability Company.

Dougherty Mortgage LLC is a full-service, nationwide 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 $4.8 billion of loans.  Dougherty Mortgage LLC has also been awarded designation as a lender/partner with USDA under the Community Facilities Guaranteed Loan Program.

Based in Minneapolis, Dougherty Mortgage also has offices in Colorado, Georgia, Illinois, Tennessee, Texas and Virginia.

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