REBusinessOnline

Dougherty Closes $6.6M Acquisition Loan for 100-Unit Apartment Community in Dallas

Rosemont at Timber Creek in Dallas, located about 11 miles south of the CBD, totals 100 units.

DALLAS — Dougherty Funding LLC has closed a $6.6 million loan for the acquisition of Rosemont at Timber Creek, a 100-unit affordable multifamily community in Dallas. The property, which is located about 11 miles south of the CBD, features amenities such as a pool, fitness center, on-site laundry facilities and children’s play area. Dougherty served as lead lender and servicer for the loan, which was secured on behalf of Texas Timbercreek Housing LP.

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