Multifamily p Tennessee

Dougherty Mortgage closes $1.4 million refinance loan for 47-unit apartment complex in Tennessee

  
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Dougherty Mortgage recently closed a $1.4 million Fannie Mae loan for the refinance of St. Elmo Court Apartments, a 47-unit multifamily affordable housing apartment property in Chattanooga, Tennessee.

Dougherty Mortgage recently closed a $1.4 million Fannie Mae loan for the refinance of St. Elmo Court Apartments, a 47-unit multifamily affordable housing apartment property in Chattanooga, Tennessee.

The Fannie Mae 10-year term, three-year interest-only loan has a 30-year amortization schedule and was arranged through Dougherty’s Brentwood, Tennessee, office for borrower St. Elmo, LLC.