Dougherty Mortgage recently closed a $22.8 million Fannie Mae loan for the refinancing of Bowman Pointe Phase II, a 202-unit market rate multifamily apartment property located in Little Rock, Arkansas. The Property, considered to be a Class A property in its market, is Phase II of a three phase development. The 10-year term, 30-year amortization loan was arranged for borrower Bowman Pointe, LLC.
