DES MOINES, IA - Dougherty Mortgage LLC, a full service national mortgage banking firm, recently closed a $7.7 million HUD 213 loan for the construction financing of Vintage Park Cooperative of Beaverdale, a market rate 54-unit new construction senior cooperative property located in Des Moines, Iowa.
The 40-year HUD 213 loan was arranged by Dougherty’s Minneapolis office, for borrower Vintage Park Cooperative of Beaverdale.
Unit features include one-level floor plans with 9-foot ceilings, outdoor decks or patios and large walk-in closets. The property includes a fitness center, workshop, multi-purpose room, club room and garden plots for gardening.
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