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Dougherty Arranges Acquisition Financing for 154-Unit Apartment Community in Metro Dallas

Hills-of-Palos-Verdes-Garland-Texas

The Hills of Palos Verdes in Garland totals 154 units. The property was built in 1983.

GARLAND, TEXAS — Dougherty Mortgage has arranged an undisclosed amount of acquisition financing for The Hills of Palos Verdes, a 154-unit multifamily community in Garland, located northeast of Dallas. The property was built in 1983 and spans eight three-story residential building and one auxiliary building. Amenities include a pool, fitness center, playground and outdoor grilling areas. Dougherty arranged the loan in partnership with Old Capital Lending on behalf of the undisclosed borrower.

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