DOUGLASVILLE, GA - The Minneapolis office of Dougherty Mortgage LLC closed a $9.4 million Fannie Mae loan for the acquisition financing of Mill Creek Place Apartments, a 128-unit multifamily affordable housing property located in Douglasville, Georgia.
The pet-friendly property features a community clubhouse, picnic and grill areas, swimming pools, fitness center and business center.
The 16-year loan features a 35-year amortization schedule and was arranged for borrower Douglasville Leased Housing Associates I, LLLP.
Dougherty Mortgage LLC is a full-service, nationwide 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 $5.3 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, Georgia, Illinois, Tennessee, Texas and Virginia.
For more information, please visit www.doughertymortgage.com