MINNEAPOLIS, MN - Dougherty Mortgage LLC, a full service national mortgage banking firm, has arranged a $31.3 million Fannie Mae loan for the refinance of Victoria Park Apartments, a 215-unit multifamily apartment home property located in St. Paul, Minnesota. The 12-year term, 30-year amortization, 3-year interest only loan was arranged by Dougherty’s Minneapolis office, for borrower Victoria Park Communities LLC.
Victoria Park Apartment homes offer one, two and three bedroom options, featuring open concept floor plans and high end finishes, including gourmet kitchens with granite countertops, designer cabinetry, energy efficient appliances, outlets with USB adaptors and private balconies with views of the Mississippi River Valley. Property amenities include outdoor swimming pool with terrace, club room with bar, fitness center, tech lounge, underground heated parking, yoga room, free bike rentals, concierge services and pet friendly spaces.
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 additional offices in California, Colorado, Tennessee, Texas and Virginia.
For more information, please visit www.doughertymarkets.com