128-Unit Edge Studio being acquired in San Antonio128-Unit Edge Studio being acquired in San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=133372016-05-26T05:00:00Z2016-05-26T16:00:00Z​​SAN ANTONIO - Dougherty Mortgage LLC, a national mortgage banking firm, has closed a $6.7 million Fannie Mae loan for the acquirement of Edge Studio Apartments.

The two years of interest-only loan has a 12-year term and a 30-year amort​ization.

The loan was arranged for borrower Bluemel 2016 LLC through a partnership with Old Capital Lending and Dougherty’s Vienna, Virginia​ office.

The 128-unit market rate multifamily apartment community is located at 4041 Bluemel Rd., offering studios, one- and two-bedroom units ranging in size from 464 to 775 sf.​
Multi-Housing News
San Antonio-New Braunfels
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