BRENTWOOD, TN - Dougherty Mortgage LLC, a full service national mortgage banking firm, recently closed a $24.4 million Fannie Mae loan for the acquisition financing of the Oak Ridge Portfolio, consisting of three market rate multifamily apartment properties: Redwood Apartments, Rolling Hills Apartments and The Manhattan, all located in Oak Ridge, Tennessee.
The 10-year term, 2-year interest only, 30-year amortization Fannie Mae loan was arranged through Dougherty’s Brentwood, Tennessee office for borrower Oak Ridge Properties 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. Dougherty Mortgage LLC has also been awarded designation as a lender/partner with USDA under the Community Facilities Guaranteed Loan Program. Based in Minneapolis, Dougherty Mortgage also has offices in Colorado, Illinois, Tennessee, Texas and Virginia.
For more information, please visit www.doughertymortgage.com