DALLAS, TX - Dougherty Mortgage LLC, a full service national mortgage banking firm, has arranged a $281,000 Fannie Mae Assumption and Supplemental loan for the acquisition of Mission Villas Apartment Homes, a 58-unit market rate multifamily housing property located in Lubbock, Texas. The 85-month term, 30-year amortization loan was arranged by Dougherty’s Dallas, Texas office, for borrower Capital 8 Mission Villas LLC.
The pet-friendly property is conveniently located near shopping and restaurants. Units have been completely rehabbed with new flooring, cabinets, fixtures, and appliances. The grounds are equipped with a clubhouse, laundry facility and a swimming pool.
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.