MINNEAPOLIS, MN - Dougherty Mortgage recently closed a Fannie Mae loan for the refinancing of Bierman Place Apartments, a 67-unit market rate student housing property located in the Dinkytown neighborhood of Minneapolis, Minnesota.
Apartments are offered furnished or unfurnished and include one-, two-, three- and four-bedroom options with in-unit dishwashers. Community amenities include laundry facilities, free high-speed internet, fitness center, bike storage and club room with billiards, fireplace and big screen television.
The 12-year term, 30-year amortization loan was arranged for Bierman Place LLC.
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 $5.3 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, Mississippi, Tennessee and Texas.
For more information, please visit www.doughertymortgage.com