CHATTANOOGA, TN - Dougherty Mortgage LLC, a full service national mortgage banking firm, recently closed a $21.2 million Fannie Mae loan for the acquisition of The District at Hamilton, a 300-unit market rate multifamily apartment property located in Chattanooga, Tennessee.
The gated, pet-friendly property includes a swimming pool, sundeck, grilling area, business center, athletic center and two lighted tennis courts. The newly redesigned apartments feature Whirlpool appliances, window coverings, decks or sunrooms, built-in microwaves and 1- and 2-bedroom options.
The Fannie Mae 15-year term, 30-year amortization loan was arranged through Dougherty’s Nashville, Tennessee office for borrowers, Calhoun Shores, LLC, Fremount House, LLP, and Hamilton Place CAG, LLC.
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