Dougherty Mortgage recently closed a $6.7 million Fannie Mae loan for the acquisition financing of The Ridge at Bandera, a 120-unit market rate multifamily apartment property located in San Antonio, Texas. 3CM Multifamily will be managing the property. The 12-year term, 30-year amortization loan was arranged through a partnership with Old Capital Lending for borrower The Ridge at Bandera, LLC.
