MINNEAPOLIS, MN - Dougherty Mortgage LLC, a full service national mortgage banking firm, recently closed a $315,050 Fannie Mae loan for the refinance of The Peaks at Searcy, a 48-unit multifamily affordable housing property located in Searcy, Arkansas.
The 18-year term, 30-year amortization loan was arranged for The Peaks at Searcy, Limited Partnership, by Dougherty’s Minneapolis, Minnesota office.
The pet-friendly property features a clubhouse, laundry facility, playground, fitness center, business center and swimming pool. ndividual units have newly renovated interiors and include air conditioning, dishwasher, microwave, washer and dryer connections and either a patio or balcony.
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.