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
Mill Creek to Add 234 Rental Homes to D.C.'s Northwest Quadrant with Construction of Modera Lady Bird Mixed-Use Community
TGM Completes Acquisition of 296-Unit TGM Ocotillo Bay Lakefront Apartment Community in Growing Phoenix Submarket of Chandler
Hunt Capital Partners, SGI Ventures, and Austin Housing Authority Celebrate Opening of 100 Affordable Studio Homes for Austin’s Unhoused
Ashcroft Capital Completes Acquisition of 300-Unit Birchstone Waterleigh Luxury Garden-Style Apartment Community in Orlando Metro Market
The latest multifamily industry news delivered to your inbox
WASHINGTON - Mill Creek Residential, a leading developer, owner-operator and investment manager...
CHANDLER, AZ - TGM announced the acquisition of TGM Ocotillo Bay, a lakefront community in the...
AUSTIN, TX - Hunt Capital Partners (HCP), in collaboration with developers SGI Ventures, Inc., and...
WINTER GARDEN, FL - Ashcroft Capital, a fully integrated multifamily investment firm, announced its...
RALEIGH, NC - Capital Square, one of the nation's leading sponsors of tax-advantaged real estate...
AUSTIN, TX - National multifamily developer Wood Partners and its partner ParkProperty Capital...
CHICAGO, IL - Oxford Capital Group announced its acquisition of the Carefree Portfolio, eleven...
ATLANTA, GA - National multifamily developer Wood Partners expands its presence across the...
The latest multifamily industry news delivered to your inbox.