Dougherty, Old Capital Lending Arrange $10.1M Acquisition Loan for Apartment Complex in Arlington

<a href=Water Chase Apartment Homes in Arlington features a swimming pool, fitness center and a clothing care center." />

Water Chase Apartment Homes in Arlington features a swimming pool, fitness center and a clothing care center.

ARLINGTON, TEXAS — A partnership between Dougherty Mortgage and Old Capital Lending has arranged a $10.1 million acquisition loan for Water Chase Apartment Homes, a 200-unit multifamily community in Arlington. The gated, pet-friendly complex features a swimming pool, fitness center and a clothing care center. Individual units include washer/dryer connections, walk-in closets and private balconies and patios. Dougherty Mortgage and Old Capital Lending arranged the 12-year Fannie Mae loan on behalf of the borrower, TFG Waterchase Apartments LLC. The loan features two years of interest-only payments and a 30-year amortization schedule.

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