MINNEAPOLIS, MN – Dougherty Mortgage recently closed a $3.8 million Fannie Mae loan for the refinancing of Cedar Ridge Apartments, a 64-unit market rate multifamily apartment property located in Grand Island, Nebraska.
Standard apartment amenities include air conditioning, ceramic tile, dishwasher, microwave, washer and dryer and walk-in closets.
The Property was constructed in 2006 and is comprised of 33 two-bedroom units and 31 three-bedroom units throughout four two-story buildings. The 12-year term, 30-year amortization loan was arranged for borrower Cedar Ridge Apartments-Grand Island, 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 $6.7 billion of loans. Dougherty Mortgage LLC has also been awarded designation as a lender/partner with USDA under the Community Facilities Guaranteed Loan Program.
For more information, please visit www.doughertymortgage.com