MINNEAPOLIS, MN - Dougherty Funding LLC has closed an $18.5 million new construction loan for Treysta on the Water Apartments, a 124-unit apartment complex in Monona, Wisconsin on the Yahara River. The property will include higher-end rental apartments, a yet-to-be announced restaurant, and commercial space. Dougherty Funding LLC serves as lead lender and construction disbursing agent/servicer on the loan, arranged for Treysta Holdings LLC.
Located just outside of Madison, Wisconsin, Treysta on the Water will offer high-tech amenities and public spaces on the Yahara River waterfront, increasing water access for residents, boaters and the public. The apartment complex will be a new concept to the area and offer tenants several types of unique services. For a nominal fee, residents of the one- to three-bedroom units will have access to services such as grocery delivery and dog walkers. A ground-floor café in a hotel-like lobby will offer coffee in the mornings and cocktails after work. Nearby, residents will have access to a theater/online gaming room. A rooftop deck with sunset and water views will be another feature, along with a penthouse apartment, also on the rooftop level. The penthouse apartment will be available for a fee to visiting family, friends, or even the general public.
About Dougherty Funding LLC Since 1996 Dougherty Funding LLC has offered a broad range of commercial finance solutions to real estate developers and corporations nationwide. Dougherty Funding serves as the lead lender in all of their transactions and funds each financing by selling loan participations to an extensive network of banks and institutional lenders throughout the U.S.
For more information, please visit www.doughertyfunding.com.