REBusinessOnline

Dougherty Provides $8.3M Fannie Mae Loan for Acquisition of Apartment Portfolio in Kansas

The apartment properties included in the portfolio are Sunrise Village and Sunrise Place.

LAWRENCE, KAN. — Dougherty Mortgage has provided an $8.3 million Fannie Mae loan for the acquisition of a two-property apartment portfolio in Lawrence, located about 42 miles southwest of Kansas City. The portfolio includes Sunrise Village and Sunrise Place for a total of 132 units. The 12-year loan features a 30-year amortization schedule. The borrower was a venture between MJP Property Group and Sky Castle Properties.

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