Dougherty Mortgage Closes $5 Million Fannie Mae Loan for Northtown Crossings

MINNEAPOLIS, MN - Dougherty Mortgage LLC, a full service national mortgage banking firm, has arranged a $5 million Fannie Mae loan for the refinance of Northtown Crossings, a 48-unit market rate multifamily housing property located in Coon Rapids, Minnesota. 

The 10-year term, 30-year amortization loan was arranged by Dougherty’s Minneapolis, Minnesota office, for borrower Northtown Crossings, LLC.  The property is located nearby shopping, entertainment and freeways.  Units feature ceramic tile entries, oversized master suites, large kitchens with microwaves and breakfast bars, nine foot ceilings and ample closet space.  

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 $3 billion of loans.  Based in Minneapolis, Dougherty Mortgage also has additional offices in California, Colorado, Tennessee, Texas and Virginia.

For more information, please visit www.doughertymarkets.com.

TRENDING

Kerry W. Kirby Named Outstanding Technology Entrepreneur for Shaping The Future of PropTech with Receipt of Noble Award NEW ORLEANS, LA – 365 Connect, the leader in delivering the world's most advanced automated marketing, leasing, and resident engagement platform for multifamily communities across the globe, announced today that its Founder and CEO, Kerry W. Kirby, has received a Noble Award for Outstanding...

More Stories

Get The Newsletter

Get The Newsletter

The latest multifamily industry news delivered to your inbox.