HOUSTON, TX - The Minneapolis office of Dougherty Funding LLC has closed a $14.3 million acquisition loan for Quail Chase Apartments, a 248-unit multifamily affordable housing property located in Houston, Texas.
The property is approximately 18 miles north of Houston’s central business district and less than 10 miles west of George Bush International Airport.
The financing was arranged for Quail Chase Apartments, L.P. and Dougherty Funding serves as lead lender and servicer for the loan.
About Dougherty Funding: Since 1996 Dougherty Funding LLC has offered a broad range of commercial finance solutions to real estate developers and corporations nationwide. Dougherty Funding serves as the lead lender in their financing transactions and funds each financing by selling loan participations to an extensive network of banks and institutional lenders throughout the U.S.
For more information, please visit www.doughertymarkets.com
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