CRYSTAL, MN - Dougherty Mortgage LLC, a full service national mortgage banking firm, recently closed a $4,335,000 Fannie Mae loan for the refinancing and moderate rehab of LouAnn Terrace Apartments, a 71-unit multifamily market rate apartment property located in Crystal, Minnesota. The 10-year term loan was arranged by Dougherty Mortgage's Minneapolis office for the Borrower, Lou-Ann Terrace Limited Partnership.
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 offices in California, Colorado, Tennessee, Texas and Virginia.
For more information, please visit www.doughertymarkets.com.