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