MINNEAPOLIS, MN - The Nashville office of Dougherty Mortgage recently closed a $13,520,000 Fannie Mae loan for the acquisition financing of Oxford Point Luxury Apartments, a 201-unit market rate multifamily apartment property located in Gulfport, Mississippi.
The Property includes a fitness center, an activities room, an outdoor swimming pool and hot tub, tennis court, basketball court, sand volleyball court, a playground, and private patios/balconies.
The 12-year term, 30-year amortization loan was arranged for borrower MMP2-Harbin, 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 $7.1 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