ORLANDO, FL - Dougherty Mortgage LLC, a full service national mortgage banking firm, recently closed a $35.3 million Fannie Mae loan for the refinance of five properties, including: 88- unit Oak Glen Apartments in Orlando, Florida; 178-unit River Trace Apartments in Bradenton, Florida; 212-unit Canterbury Ridge Apartments in Canton, Georgia; 145-unit Lancaster Ridge Apartments in Canton, Georgia; and 76-unit Sea Mist Townhomes in Rockport, Texas.
The 10-year term, 30-year amortization Fannie Mae loan was arranged for a single sponsor by Dougherty’s Minneapolis, Minnesota office and included a $25,306,800 Fixed Rate Note and $10,000,000 Variable Rate Note.
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 $3.5 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