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MinnesotaFinance

Dougherty Mortgage closes $1.1 million loan for 56-unit multi-family property

Staff Writer April 5, 2017
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Minneapolis’ Dougherty Mortgage LLC recently originated a $1.1 million Fannie Mae Delegated Underwriting and Servicing loan for the refinancing of Arbor Pointe Apartments, a 56-unit multi-family affordable housing property located in Prichard, Ala.

The 10-year term, 9.5-year yield maintenance loan was arranged by Dougherty’s Dallas office for Arbor Station, Ltd.

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