REBusinessOnline

Dougherty Provides $6.9M Refinancing for Apartment Property in Spencer, Iowa

Windcrest Village includes 87 units.

SPENCER, IOWA — Dougherty Mortgage has provided a $6.9 million Fannie Mae loan for the refinancing of Windcrest Village in Spencer in northwestern Iowa. The 87-unit apartment property includes laundry facilities, a fitness center and children’s playground. The 12-year loan features a 30-year amortization schedule. Windcrest Village LLC was the borrower.

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