MINNEAPOLIS, MN - Dougherty Mortgage LLC, a full service national mortgage banking firm, has originated a $5 million Fannie Mae Delegated Underwriting and Servicing (DUS®) loan for the acquisition of Aspen Chase Apartments, a 143-unit market rate multifamily property located in San Antonio, Texas. The 10-year term, 30-year amortization, 9.5-year yield maintenance loan was arranged by Dougherty's Dallas, Texas office. The apartment project was built in 1966 and includes ten buildings.
Dougherty Mortgage LLC is a full service 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 $2.8 billion of loans. Based in Minneapolis, Dougherty Mortgage also has additional offices in Colorado, Texas, Maryland and Montana.
For more information, please visit www.doughertymarkets.com