Dougherty Mortgage Closes $8.4 Million Fannie Mae Loan for Arbor Crossing Apartment Community in Valparaiso, Indiana

MINNEAPOLIS, MN - The Oak Brook, Illinois office of Dougherty Mortgage recently closed an $8.4 million Fannie Mae loan for the refinancing of Arbor Crossing Apartments, a 138-unit market rate multifamily apartment property located in Valparaiso, Indiana. 

The property was constructed between 1967 and 1979 and consists of 16, two-story townhome buildings and 3, three-story apartment buildings.  The property also features a one-story leasing office and a one-story maintenance/garage building. 

The 10-year term, 30-year amortization loan was arranged for borrower Arbor Crossing Housing, L.L.C.

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

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