IRVING, TX - Dougherty Mortgage LLC, a full service national mortgage banking firm, recently closed a $1.7 million Fannie Mae supplemental loan for Stonehill Terrace Apartments, a 301-unit market rate multifamily apartment property located in Irving, Texas.
Property features include a clubhouse, pool, playground and laundry facilities. Apartment amenities include a dishwasher, air conditioner, hardwood floors, large closets and a patio or balcony.
The 8.33-year term, 30-year amortization Fannie Mae supplemental loan was arranged through Dougherty’s Minneapolis office for borrower, Urban Stonehill Apartments LP.
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