DALLAS, TX - Dougherty Mortgage LLC, a full service national mortgage banking firm, has closed a $4.3 million Fannie Mae loan for the refinance of American Beauty Mill Lofts, an 80-unit multifamily market rate apartment property located in Dallas, Texas. The 10-year interest only loan was arranged by Dougherty’s Dallas, Texas office, for borrower American Beauty Lofts, Ltd.
American Beauty Mill Lofts offer residents unique loft apartments located in the heart of downtown Dallas. Formerly a flour mill warehouse, the retrofitted loft apartments feature open floor plans, 15 foot ceilings and stained concrete flooring.
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