Dougherty Mortgage Closes $7.7 million Fannie Mae Loan for Eagle Point Apartments in Daytona Beach

DAYTONA BEACH, FL - Dougherty Mortgage recently closed a $7.7 million Fannie Mae loan for the acquisition financing of Eagle Point Apartments, a 128-unit market rate multifamily apartment property located in Daytona Beach, Florida.  

The 12-year term, 30-year amortization loan was arranged through a partnership with Old Capital Lending for borrower EK Brentwood LLC and Vermont EP 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.

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