Dougherty Mortgage Closes $26.7 Million Fannie Mae Loan for Soll Apartments in Des Moines, Iowa

DES MOINES, IA - Dougherty Mortgage recently closed a $26.7 million Fannie Mae loan for the refinancing of Soll Apartments, a 165-unit market rate multifamily housing property located in Des Moines, Iowa. 

The Property was constructed in 2018 and includes a four-story apartment building that also includes approximately 12,996 SF of retail space located on the ground floor.  Property amenities include on-site leasing and management, fitness center, community room, rooftop patio, rooftop pool and spa, and bike storage room/repair. 

The 15-year term, 30-year amortization loan was arranged for borrower 2301 Ingersoll 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 $6.7 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