192
IRVING, TEXAS — Dougherty Mortgage LLC has closed an $8.9 million Fannie Mae loan to fund the acquisition of The Monterey Apartment Homes, a 159-unit multifamily property located in Irving. The seven-year loan features a 30-year amortization schedule and one year of interest-only payments. Dougherty Mortgage arranged the loan through Old Capital Lending on behalf of the borrower, Elmstone Group OP2 LLC.