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
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