ARLINGTON, VA - Dougherty Mortgage, a full service national mortgage banking firm, recently closed a $10.1 million Fannie Mae loan for the acquisition of Water Chase Apartment Homes, a 200-unit market rate multifamily apartment property located in Arlington, Texas.
Individual units include washer/dryer connections, walk-in closets, and a private balcony or patio. Property amenities in the pet-friendly, gated community include a swimming pool, fitness center and clothing care center.
The Fannie Mae 12-year term, 2-year interest only, 30-year amortization loan was arranged for borrower TFG Waterchase Apartments, LLC through a partnership with Old Capital Lending and Dougherty’s Vienna, Virginia office.
About Dougherty Mortgage: Dougherty Mortgage LLC is a full service mortgage banking firm, an approved FHA MAP and LEAN lender, as well as a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, offering a variety of loan products for the acquisition, refinance, construction or rehabilitation of various property types.
In addition, Dougherty Mortgage LLC provides loan servicing on their mortgages and is an approved Ginnie Mae seller/servicer, currently servicing in excess of $4 billion of loans. Based in Minneapolis, Dougherty Mortgage also has offices in Colorado, Illinois, Tennessee, Texas and Virginia.
For more information, please visit www.doughertymortgage.com