Dougherty Provides $5M Fannie Mae Loan for Acquisition of Multifamily Property in Indiana

by Kristin Harlow

KOKOMO, IND. — Dougherty Mortgage has provided a $5 million Fannie Mae loan for the acquisition of First Flats in Kokomo. The multifamily property includes 121 units. Durham Hill Capital LLC served as a partner in arranging the 10-year loan, which features a 30-year amortization schedule. The borrower was not disclosed.

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