NEW ORLEANS, LA -Dougherty Mortgage LLC, a full service national mortgage banking firm, recently closed a $29 million HUD 223 (f) loan for the refinance of Calypso Bay Apartments, a 280-unit market rate multifamily housing property located in Gretna, Louisiana. Calypso Bay offers one, two and three-bedroom floorplans and is located nearby the central business district of New Orleans. The gated entry property includes a swimming pool, fitness center, billiard room and fully equipped business center.
The 40-year term HUD 223 (f) loan was arranged for borrower, Calypso Bay, LLC, through Dougherty’s Dallas, Texas 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.