MINNEAPOLIS, MN - Dougherty Funding LLC has closed on a $10.3 million construction loan for a to-be-built, six-story, 45-unit apartment project located at Lagoon Avenue and Irving Avenue in the Uptown neighborhood of Minneapolis, Minnesota.
The new construction financing was arranged for Laguna Property Investors, LLC and will be developed by CPM Development. Construction of the project is anticipated to begin in May 2015 with completion expected 12 months later. Dougherty Funding LLC serves as lead lender and servicer for the loan.
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.doughertymarkets.com
Lowe Completes Acquisition of 207-Unit Tenth & G Apartment Community in The Heart of Downtown San Diego’s Ballpark District
OlivePoint Capital Acquires 216-Unit Distressed Mixed-Use Multifamily Community in Metro Denver Market Through Off-Market Transaction
Lincoln Avenue Communities Hosts Grand Opening Ceremony for Willis Senior Lofts Affordable Housing Community in Illinois
The NRP Group Celebrates Opening of Oliver on The Hudson Transit-Oriented Luxury Waterfront Community in Jersey City’s Port Liberté
The latest multifamily industry news delivered to your inbox
SAN DIEGO, CA - Lowe, a national real estate investment, development and management firm, has...
DENVER, CO - OlivePoint Capital, a real estate investment manager focused on value-add and special...
ROCHELLE, IL - Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of...
JERSEY CITY, NJ - The NRP Group, a vertically integrated, best-in-class developer, builder and...
WINSTON-SALEM, NC - Carter and Front Street Capital announced the groundbreaking of Creekside at...
PHOENIX, AZ - Toll Brothers Apartment Living®, the rental subsidiary of Toll Brothers, Inc....
PORTLAND, OR - WNC & Associates (WNC), a family-owned business known as both a pioneer and...
MIAMI, FL - Mill Creek Residential, a leading developer, owner-operator and investment manager...
The latest multifamily industry news delivered to your inbox.