MINNEAPOLIS, MN - Dougherty Mortgage recently closed a $5.5 million Fannie Mae loan for the refinancing of Wheatgrass Village, an 81-unit market rate multifamily apartment property located in Huron, South Dakota.
Constructed in 2018, the 81 units are located in one three-story apartment building and two two-story townhomes. The property also includes two single-story garage buildings.
The 12-year term, 30-year amortization loan was arranged for borrower Wheatgrass Village, 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