MINNEAPOLIS, MN - Dougherty Mortgage LLC, a full service national mortgage banking firm, has originated a $7 million new construction loan for 916 Park Apartments, a 68-unit market rate multifamily property located in downtown Boise, Idaho. The 40-year term loan was arranged by Dougherty's Denver, Colorado office.
916 Park Apartments will be located adjacent to Boise State University and Downtown Boise. The design captures classic view corridors and incorporates cutting-edge rental housing. Property amenities include a fitness center, bike storage area and storage units.
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