Dougherty Mortgage originates and services FHA insured loans and issues Ginnie Mae securities for the purpose of constructing new age restricted (62 and older), congregate care, and assisted living facilities; or substantially rehabilitating those transactions needing significant capital improvement. The program may also be used for the purposes of replacing not less than two major building components. The program allows for up to a 40 year loan term and is non-recourse to the borrower. The following term sheet outlines the basic program parameters:
