The Nashville, Tennessee, office of Dougherty Mortgage recently closed a Fannie Mae loan for the refinancing of The Trails of Oak Creek, a 165-unit multifamily affordable housing property in Kettering, Ohio.
The property was constructed in 1974 and includes 22 two-story buildings, a leasing office, laundry facilities and a playground.
The 10-year term, 30-year amortization loan was arranged for borrower Kettering Square Apartments LP.
