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DALLAS — Dougherty Mortgage LLC has originated a $19.3 million Fannie Mae loan for the acquisition of Mandalay Apartment Homes, a 281-unit apartment complex located in Dallas. The 10-year loan includes a 30-year amortization schedule and three years of interest-only payments. Dougherty’s Minneapolis office arranged the loan for the borrower, Mandalay Apartments LLC. The property is located near the University of Texas at Dallas and four major highways. Amenities include a fitness facility, two pools and a barbeque area. Apartments feature nine-foot vaulted ceilings, garden bathtubs, ceiling fans and walk-in closets.