Dougherty Mortgage Closes $1.8 Million Fannie Mae Supplemental Loan for Providence Pointe Apartments

BILOXI, MS - Dougherty Mortgage recently closed a $1.8 million Fannie Mae Supplemental loan for the refinancing of Providence Pointe Apartments, a 144-unit market rate multifamily housing property located in Biloxi, Mississippi.  

The loan featured a 5.17-year term and 30-year amortization and was arranged for borrower Keesler Villas, L.P.

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 $6.2 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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