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.