CARROLLTON, TX - Dougherty Mortgage LLC, a full service national mortgage banking firm, recently closed a $27.5 million Fannie Mae loan for the acquisition of Westbridge Apartments, a 284-unit market rate multifamily apartment property located in Carrollton, Texas.
The pet-friendly, gated property is minutes from hiking/biking trails and includes a dog park, swimming pool, fitness center and complimentary yoga classes. Apartments have 9-foot ceilings with crown molding, built-in bookshelves, ceiling fans, a patio or balcony, washer and dryer hookup and fireplaces.
The Fannie Mae 12-year term, 5-year interest only, 30-year amortization loan was arranged through Dougherty’s Minneapolis office for borrower, Westbridge 2300, 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.