Dougherty Arranges $6.7M Acquisition Loan for Apartment Property in San Antonio

by Taylor Williams

SAN ANTONIO — Dougherty Mortgage has arranged a $6.7 million Fannie Mae acquisition loan for The Ridge at Bandera, a 120-unit multifamily community in San Antonio. The property features one- and two-bedroom units and amenities such as a pool, fitness center and a business center. The loan, which carries a 12-year term and 30-year amortization schedule, was arranged through a partnership with Old Capital Lending on behalf of the borrower, The Ridge at Bandera LLC.

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