BALTIMORE, MD - The North Carolina office of Dougherty Mortgage LLC closed a Fannie Mae loan for the refinancing of The Luther, a historic rehabilitated 15-unit market rate multifamily apartment property located in Baltimore, Maryland.
The 12-year loan, arranged through a relationship with Birchwood Capital Partners, features a 30-year amortization schedule and was arranged for borrower 1728 Eastern Avenue Apartments, 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 $5.3 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, Tennessee, Texas and Virginia.
For more information, please visit www.doughertymortgage.com