MINNEAPOLIS, MN - Dougherty Mortgage LLC, a full service national mortgage banking firm, has arranged a $2.7 million Fannie Mae loan for the acquisition of Cottages of Pleasant Hill, a 60-unit market rate multifamily senior community for residents 55 and older, located in Pleasant Hill, Iowa.
The 10-year term, 30-year amortization, 1-year interest only loan was arranged by Dougherty’s Dallas, Texas office for The Cottages of Pleasant Hill, LLC. The Cottages of Pleasant Hill is a pet-friendly property conveniently located nearby to grocery stores, banks, beauty shops and a medical clinic.
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 California, Colorado, Maryland and Texas.
For more information, please visit www.doughertymortgage.com