ridge-at-southcross-san-antonio-tx

Dougherty Mortgage Closes $9.3M Acquisition Loan for Multifamily Property in San Antonio

by Amy Works

SAN ANTONIO — Dougherty Mortgage has closed a $9.3 million Fannie Mae loan for the acquisition of Ridge at Southcross, a 212-unit multifamily property located in San Antonio. The borrower was 4700 Stringfellow LLC. The 12-year loan was arranged through a partnership with Old Capital Lending and Dougherty’s Vienna, Va., office. The loan features a 30-year amortization schedule and three years of interest-only payments.

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