ST PAUL, MN - Dougherty Mortgage LLC, a full service national mortgage banking firm, has arranged a $5.1 million Fannie Mae loan for the refinance of Riverview Highlands, a 54-unit market rate multifamily housing property located in St. Paul, Minnesota.
The 12-year term, 30-year amortization loan was arranged by Dougherty’s Minneapolis office, for borrower Riverview Highlands, LLC.
Riverview Highlands is 55+ senior apartment property offering planned activities, community events, underground parking, an exercise room and a community room. Floor plans feature walk-in closets, washer and dry hookup, oversized kitchens as well as vaulted ceilings and fireplaces in some of the units.
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