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Dougherty Mortgage closes $26 million loan for 772-unit apartment building in Indianapolis

Staff Writer March 26, 2017
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Dougherty Mortgage LLC recently closed a $26.6 million Fannie Mae loan for the acquisition financing of Coppertree Apartments, a 772-unit market-rate multifamily apartment property in Indianapolis.

The Fannie Mae seven-year term, 30-year amortization loan was arranged through a partnership with Old Capital Lending and Dougherty’s Vienna, Virginia, office for borrower Tanglewood Apartments, LLC.

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