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IRVING, TEXAS — Dougherty Mortgage LLC has arranged an $11 million Fannie Mae loan for the acquisition of Stonehill Terrace, a 301-unit market rate multifamily housing property located in Irving. The 10-year loan includes a 30-year amortization schedule and one year of interest-only payments. Dougherty’s Dallas office arranged the loan on behalf of the borrower, Urban Stonehill Apartments LP. This transaction, along with additional capital by the buyer, will allow for upgrades and updates to the property. All Stonehill Terrace units come with a balcony, ceiling fans, appliances and free parking. Some units are upgraded with vaulted ceilings and a fireplace. The grounds are equipped with a clubhouse, laundry facilities and a swimming pool.