MINNEAPOLIS, MN - Dougherty Mortgage LLC, a full service national mortgage banking firm, recently closed a $2.4 million HUD loan for the refinance of Vantage Flats, a 37-unit affordable, workforce housing property located in Minneapolis, Minnesota.
Vantage Flats is a transit-oriented project conveniently located adjacent to the Blue LRT line in South Minneapolis. It offers residents easy access to 19 LRT transit stations to the north and south, including such destinations as Downtown Minneapolis, the Minneapolis VA Hospital, MSP International Airport and the Mall of America.
The 40-year term loan was arranged for borrower MDI Limited Partnership #64 through Dougherty’s Minneapolis office.
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, Illinois, Tennessee, Texas and Virginia.
For more information, please visit www.doughertymortgage.com