FARGO, ND - Dougherty Mortgage, a full service national mortgage banking firm, recently closed an $11.3 million Fannie Mae loan for the refinance of The Cedars, a 124-unit market rate multifamily apartment property located in Fargo, North Dakota.
Apartment homes include central air conditioning, balcony or patio, dishwasher, hardwood flooring and washer and dryer. The property features a fitness room, controlled access, elevator and a double stall garage with opener is offered with every apartment.
The Fannie Mae 10-year term, 30-year amortization loan was arranged for borrower Cedars at Brandt Crossing, LLC 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 Colorado, Illinois, Tennessee, Texas and Virginia.
For more information, please visit www.doughertymortgage.com