Dougherty Mortgage Provides $8.2M Fannie Mae Green Loan for Multifamily Property in Louisville
LOUISVILLE, KY. — The Atlanta office of Dougherty Mortgage recently provided an $8.2 million Fannie Mae acquisition loan for Newberry Parc Apartment Homes, a 132-unit, market-rate multifamily property in Louisville. Borrower Durham Hill Properties II LLC obtained the 12-year loan with a 30-year amortization schedule utilizing Fannie Mae’s Green Rewards program. Located at 250 Olde English Court, the apartment complex was constructed in 1971 and renovated in 2017. One- and two-bedroom units are located in six three-story residential buildings. Newberry Parc offers picnic and grilling areas, a pool, business center and onsite laundry.