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
Ginkgo Residential Announces Acquisition of Five-Property Multifamily Portfolio Totaling 647-Units Across Charleston Metro Market
FCP Continues South Florida Expansion with Acquisition of 427-Unit District West Gables Apartment Community in West Miami Market
ECI Group Breaks Ground on $60 Million The Averly Richmond Hill 291-Unit Mixed-Use Residential Development in Savannah Market
WNC & Associates, Avesta Housing, and Reveler Development Announce New 201-Unit Affordable Housing Community in Maine
The latest multifamily industry news delivered to your inbox
CHARLOTTE, NC - Ginkgo Residential announced that it has acquired a five-property multifamily...
MIAMI, FL - FCP acquired District West Gables, a 427-unit midrise apartment community in West...
ATLANTA, GA - ECI Group celebrated the groundbreaking of The Averly Richmond Hill, a $60 million,...
PORTLAND, ME - WNC & Associates (WNC), a family-owned business known as both a pioneer and...
LAKE WORTH, FL - The Milestone Group announced the acquisition of the 206-unit Casa Brera at...
GREENFIELD, IN - Equity Property Management announced the groundbreaking of Whitman Villas, the...
MINNEAPOLIS, MI - Landmark Properties, a fully-integrated real estate firm specializing in the...
DALLAS, TX - The NRP Group, a vertically integrated, best-in-class developer, builder, and manager...
The latest multifamily industry news delivered to your inbox.