MORRILTON, AR - Dougherty Mortgage recently closed a $1.2 million Fannie Mae loan for the refinancing of The Ridge at Morrilton, a 48-unit multifamily affordable housing property located in Morrilton, Dornin Investment Group.
The Property was constructed in 2017 with the 48 units located in two three-story buildings and a clubhouse building for a total of three buildings.
The 18-year term, 30-year amortization loan was arranged for borrower The Ridge at Morrilton, Limited Partnership.
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.
For more information, please visit www.doughertymortgage.com