Dougherty Mortgage Closes $1.6 Million Fannie Mae Supplemental Loan for 96-Unit Apartment Community

BROOKLN PARK, MN - Dougherty Mortgage, a full service national mortgage banking firm, recently closed a $1.6 million Fannie Mae supplemental loan for the Fountains in the Park Apartments, a 96-unit multifamily apartment property located in Brooklyn Park, Minnesota. 

The 4.5-year term, 30-year amortization Fannie Mae supplemental loan was arranged for borrower The Fountains in the Park, LLC through Dougherty’s Minneapolis, Minnesota 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 Colorado, Illinois, Tennessee, Texas and Virginia.

For more information, please visit www.doughertymortgage.com

TRENDING

Ascendant Capital Partners and Culver Investment Partners Acquire Multifamily Portfolio in Medical Center Neighborhood HOUSTON, TX - Ascendant Capital Partners, a vertically integrated real estate investment and operating platform, and Culver Investment Partners, a multifamily investment platform focused on existing core-plus and value-add multifamily communities, announced the acquisition of the Elle Collection...

More Stories

Get The Newsletter

Get The Newsletter

The latest multifamily industry news delivered to your inbox.