LITTLE ROCK, AR - Dougherty Mortgage recently closed a $22.8 million Fannie Mae loan for the refinancing of Bowman Pointe Phase II, a 202-unit market rate multifamily apartment property located in Little Rock, Arkansas.
The Property, considered to be a Class A property in its market, is Phase II of a three phase development.
The 10-year term, 30-year amortization loan was arranged for borrower Bowman Pointe, 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 $6.2 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