REBusinessOnline

Limited Liability Company Acquires Two Multifamily Assets Totaling 217 Units in Amarillo

AMARILLO, TEXAS — AWF Fund I LLC has acquired Lambie Lane and Park Lane, two apartment complexes totaling 217 units in Amarillo. The market-rate properties were built in 1976 and 1982, respectively, on contiguous parcels. Dougherty Mortgage arranged $7.3 million in Fannie Mae Green Rewards acquisition financing on behalf of the fund. The loan, which was secured through a partnership with Old Capital Lending, carries a 12-year term and a 30-year amortization schedule.

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