Dougherty Mortgage Closes $13M Acquisition Loan for 224-Unit Multifamily Property in Arlington

ARLINGTON, TEXAS — Dougherty Mortgage has closed a $13 million Fannie Mae loan for the acquisition of Las Lomas Apartments in Arlington. The borrower, DCP 834 Timberlake Drive LLC, used the loan to acquire the 224-unit property. The Fannie Mae 10-year loan features two years of interest-only payments and a 30-year amortization schedule. Dougherty’s Vienna, Va., office arranged the loan through a partnership with Old Capital Lending.