Dougherty Mortgage Provides $2.1M Acquisition Loan for Affordable Community in Mississippi

JACKSON, Miss. — Dougherty Mortgage has provided a $2.1 million Fannie Mae loan for the acquisition of Meadow Ridge Senior Apartments in Jackson.

The 90-unit affordable multifamily community is reserved for residents 55 and older meeting certain income requirements. The borrower is IPI Properties 16 LLC.

The loan features a 12-year term and 30-year amortization.