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    Dougherty Mortgage arranged the financing for Landon Pointe Apartments, a 276-unit community managed by Dominium. The transaction involved the re-syndication of an existing LIHTC project.

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    The company has arranged a 35-year term loan for the 95-unit community. The property was built as a hotel in 1963, and in 2007 it was converted to a multifamily community.

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    The initiative recapitalizes and preserves the affordability of 18 communities. All the 762 units are restricted to low-income households and will undergo renovations to improve the exteriors and interiors.

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    The seven-property portfolio includes two existing communities, two communities slated to open this fall and three projects scheduled for delivery in Fall 2018.

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    The Jennings will feature 42 units for low-income households. Alex Gorlin is the architect and Lettire Construction is the general contractor.

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  • Portland Community Lands $14.5M Refi

    The Altoma Real Estate Advisors were responsible for arranging the mortgage services for Tess O’Brien Apartments. The borrower was backed by key principal Martin Kehoe.

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    The company acquired Oglethorpe Square Apartments, which was bought through a combination of Fannie Mae financing through Berkadia and 1031 proceeds.

    03 October 2017 14:32
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    In the era of smart homes, it’s still the ordinary amenities that add value to an apartment. In the end, comfort beats innovation.

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  • IMT Capital Snags TN Community

    The company purchased the 386-unit ALARA Cool Springs, located in the Nashville submarket of Franklin, from American Realty Advisors. Cushman & Wakefield represented the seller in the transaction.

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