Dougherty Closes $6.6M Acquisition Loan for Apartment Property in Metro Dallas

DESOTO, TEXAS — Dougherty Mortgage LLC has arranged a $6.6 million Fannie Mae loan for the acquisition of Thorn Manor Apartments, a 113-unit multifamily property located at 300 W. Wintergreen Road in the Dallas metro of DeSoto. Dougherty secured the 12-year loan, which has a 30-year amortization schedule, through Old Capital Lending on behalf of the borrower, TM-DeSoto101 LLC.