Dougherty Closes $14.3M Acquisition Loan for 248-Unit Apartment Community in Houston

by Taylor Williams

HOUSTON — Dougherty Funding LLC, an affiliate of Dougherty Mortgage LLC, has closed a $14.3 million loan for the acquisition of Quail Chase Apartments, a 248-unit multifamily community located at 500 W. Airtex Blvd. in Houston. The affordable housing property features a fitness center, business center, volleyball court, picnic area and on-site laundry facilities. Dougherty Funding served as the lead lender and servicer for the loan, which was secured on behalf of the borrower, Quail Chase Apartments LP.

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