Dougherty Mortgage LLC, a full service national mortgage banking firm, recently closed an $8.7 million Fannie Mae loan for the refinance of Villa Creek, a 161-unit market rate apartment property located in Farmers Branch, Texas. The Fannie Mae 10-year term loan has a 30-year amortization schedule and was arranged through a partnership with Old Capital Lending and Dougherty’s Minneapolis and Vienna, Virginia offices for borrower DCP 2835 Villa Creek Drive, LLC.
