Multifamily p Tennessee

Dougherty Mortgage closes $5M Fannie Mae loan for 120-unit, Louisville apartment building

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Dougherty Mortgage completed a $5-million loan from Fannie Mae to purchase Willowbrook Apartments, a multifamily apartment property in Louisville, Kentucky.

Dougherty Mortgage LLC closed a $5 million Fannie Mae loan for the acquisition of Willowbrook Apartments, a 120-unit multifamily apartment building in Louisville, Kentucky.

The building ranges in floorplans from one-bedroom units to three-bedroom units. The Fannie Mae loan is over 7 years with 30-year amortization, and was arranged through Dougherty's Nashville, Tennessee, office for borrower 29SC Willowbrook LP.