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Limited Liability Company Acquires 180-Unit Apartment Community in DeSoto, Texas

Creekwood-Apartments-DeSoto-Texas

Creekwood Apartments in DeSoto totals 180 units.

DESOTO, TEXAS — CWA202 LLC has acquired Creekwood Apartments, a 180-unit community in DeSoto, located south of Dallas. The property offers amenities such as a pool, playground, business center, onsite laundry facilities and an internet café with a coffee bar. Dougherty Mortgage arranged an undisclosed amount of acquisition financing for the deal through a partnership with Old Capital Lending. The loan featured a 12-year term and a 30-year amortization schedule.

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