MINNEAPOLIS, MN - Dougherty Funding LLC has closed a $16.5 million first mortgage construction bridge loan for the Commons at Largo in Upper Marlboro, Maryland. Loan proceeds will be used to facilitate the development of the site that will include, when completed, approximately 1,600 Class A multi-family units, parking structures, and ground-level retail.
Dougherty Funding LLC serves as lead lender, disbursing agent and servicer for the loan, arranged for Commons at Largo, L.P.
About Dougherty Funding: 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.doughertymarkets.com
REDICO and Ciel Senior Living Announce Joint Venture Partnership to Develop a New Senior Living Community in Rehoboth Beach
Rockpoint and Urby Form Joint Venture to Develop 748-Unit 201 Hudson Apartment Tower on Highly Desirable Jersey City Waterfront
The Drake Group Brings Luxury Multifamily Living to Chicago’s North Shore Market with Cerca Glenview Apartment Community
Mill Creek Announces Groundbreaking of 330-Unit Modera City North Apartment Community in Phoenix's Desert Ridge Neighborhood
The latest multifamily industry news delivered to your inbox
REHOBOTH DEACH, DE - REDICO and Ciel Senior Living have formed a joint venture to design and build...
HOBOKEN, NJ - Rockpoint, a Boston-based real estate private equity firm, and Urby, a...
CHICAGO, IL - RPM Living, a full-service multifamily property management, investment and...
PHOENIX, AZ - Mill Creek Residential, a leading developer, owner-operator and investment manager...
IRVINE, CA - WNC & Associates, a family-owned business known as both a pioneer and leader in...
BEVERLY HILLS, CA - Kennedy Wilson, a global real estate investment company, has partnered with...
BETHESDA, MD - Walker & Dunlop announced that it has arranged $232,352,000 in financing for a...
PALM BEACH GARDENS, FL - Rockpoint, a Boston-based real estate private equity firm, and The Kolter...
The latest multifamily industry news delivered to your inbox.