Dougherty Mortgage Closes $20.8 Million HUD Loan for Audubon Park Apartment Homes in Zachary, Louisiana

ZACHARY, LA - The Mississippi office of Dougherty Mortgage recently closed a $20.8 million HUD 223(a)(7) loan for the refinancing of Audubon Park Apartment Homes, a 178-unit market rate multifamily housing property located in Zachary, Louisiana.

The pet-friendly property includes a fitness center, resort-style pool, attached car garages for select units, boat parking area, business center, playground, dog park and car wash.  Apartment amenities include 9-foot ceilings, granite counter tops, wood plank flooring, patios or balconies, oversized garden bathtubs and walk-in laundry rooms with washers and dryers.  T

he loan carries a 40-year term and amortization schedule and was arranged for borrower Audubon Park Apartment Homes, 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

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