LILYDALE, MN - Dougherty Mortgage LLC, a full service national mortgage banking firm, recently closed a $9.3 million Fannie Mae loan for the refinance of the Villas of Lilydale, a 47-unit market rate multifamily seniors apartment community located in Lilydale, Minnesota.
The 12-year term, 30-year amortization loan was arranged for Lilydale Senior Living II, LLC by Dougherty’s Minneapolis, Minnesota office.
Villas of Lilydale is a comfortable and attractive apartment community featuring a wide range of worry-free, convenient living arrangements designed to fit the personal style and evolving needs of seniors. The pet-friendly property features a community room, library, fitness center, car wash bay and card/game room. Individual units include a washer and dryer, dishwasher and patio or balcony.
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