AUSTIN, TX - Dougherty Mortgage LLC, a full service national mortgage banking firm, has closed a $6.2 million Fannie Mae loan for the refinancing of Quail Park Village Apartments, a 142-unit multifamily affordable housing property located in Austin, Texas.
The Fannie Mae, 10-year term, 30-year amortization loan was arranged by Dougherty’s Minneapolis office, for borrower Heartland Wanaka Limited Partnership.
Quail Park Village is located in north Austin with easy access to shopping, major employers, restaurants, neighborhood parks, and city libraries. Unit amenities include energy efficient windows and doors, counter top and flooring upgrades, new cabinets, gas stoves and spacious floor plans.
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