Finance L Iowa

Dougherty provides $6.9 million in financing for Iowa multifamily building

Dougherty provides $6.9 million in financing for Iowa multifamily building,ph01

Dougherty Mortgage recently closed a $6.9 million Fannie Mae loan for the refinancing of Windcrest Village, an 87-unit market rate multifamily apartment property in Spencer, Iowa.

Windcrest Village property amenities include laundry facilities, fitness center, security system, balconies or patios and children’s playground.

The 12-year term, 30-year amortization loan was arranged for borrower Windcrest Village, LLC.