PORT ANGELES, WA - Dougherty Mortgage recently closed a $12.2 million Fannie Mae loan for the refinancing of Park View Villas, a 107-unit market rate multifamily Senior Independent/Assisted Living property located in Port Angeles, Washington.
The Property includes a one-story main building, two 3-story residential buildings (87 units), five cottages (20 units) and eight garage buildings.
The 7-year term loan was arranged for borrower Park View Lane Investors, LLC.
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 $6.2 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, Mississippi, Tennessee and Texas.
For more information, please visit www.doughertymortgage.com