Dougherty Mortgage LLC closes $4.6 million Fannie Mae Supplemental loan for Sierra Vista Apartments


Dougherty Mortgage recently closed a $4.6 million Fannie Mae Supplemental loan for Sierra Vista Apartments, a 224-unit multifamily affordable housing property located in Dallas, Texas.  Sierra Vista offers one-, two-, and three-bedroom floor plans, laundry facilities, a playground, a swimming pool, and a soccer field.  The 9.2-year term, 30-year amortization loan was arranged for borrower SevenSeas Holdings IV, LLC.

Contact: Michele White
Phone: (612) 376-4000

About Dougherty Mortgage

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 (DUSĀ®) 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 $7.1 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, Mississippi, Tennessee and Texas.

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