MAPLEWOOD, MI - Dougherty Mortgage LLC, a full service national mortgage banking firm, recently closed a $4.5 million Fannie Mae loan for the refinance of Sibley Cove Apartments, an 81-unit affordable multifamily apartment property located in Maplewood, Minnesota.
The property is located off 694 and White Bear Avenue and one block from the Maplewood Mall, conveniently situated near many restaurants, shops and parks.
Each unit has a full size washer/dryer, spacious kitchen, built-in microwave, oven, dishwasher, sink disposer, pantry, central air/heat and walk-in closets. A car wash area is included in the heated underground parking garage.
The Fannie Mae adjustable rate 7-year term, 30-year amortization loan was arranged for borrower Sibley Cove, Limited Partnership through Dougherty’s Minneapolis office.
About Dougherty Mortgage: 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 $4 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