meadow-creek

Dougherty Secures $5.3M Fannie Mae Loan for Apartment Complex in Metro Dallas

by Haisten Willis

GARLAND, TEXAS — Dougherty Mortgage has secured a $5.3 million Fannie Mae loan for the acquisition of Meadow Creek Apartments, a 128-unit, market-rate apartment property located in Garland. The 12-year loan includes a 30-year amortization schedule. A partnership between Old Capital Lending and Dougherty’s Minneapolis office arranged the loan for MPG Texas 2 LLC. Property features include a community room, pool, barbecue area and on-site laundry.

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