MINNEAPOLIS, MN - Dougherty Mortgage LLC, a full service national mortgage banking firm, has arranged a $1.4 million Fannie Mae loan for the acquisition of Mayfield Gardens Apartment Homes, a 52-unit market rate multifamily apartment property located in San Antonio, Texas.
The 10-year term, 30-year amortization loan was arranged by Dougherty’s Dallas, Texas office, for borrower 737 West Mayfield LLC. Mayfield Gardens is located near a bus line and a short drive to IH-35. The property offers 3 bedroom homes featuring washer and dryer hookups, dishwasher, tiled bath with vinyl flooring, and window coverings.
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 $3.5 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