MINNEAPOLIS, MN - Dougherty Mortgage LLC, a full service national mortgage banking firm, has originated a $6.7 million loan under the HUD 223(f) program for the refinancing of Roseville Seniors, a 127-unit rental property for residents aged 62 and older, as well as disabled residents, regardless of age.
The property, located in Roseville, Minnesota, has a Section 8 Housing Assistance Payments (HAP) contract in place which covers 100% of the units. The 35-year term, 35-year amortization loan was arranged by Dougherty's Minneapolis, Minnesota office for Good Neighbor Senior Apartments Limited Partnership, LLLP.
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 $3 billion of loans. Based in Minneapolis, Dougherty Mortgage also has additional offices in Colorado, Texas and Maryland.
For more information, please visit www.doughertymarkets.com