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
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 Milestone Group Completes South Florida Acquisition of 206-Unit Casa Brera at Toscana Isles Apartment Community in Lake Worth
Equity Property Management Breaks Ground on Whitman Villas at Hancock Gateway Park Planned Unit Development in Greenfield
The latest multifamily industry news delivered to your inbox
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...
KANSAS CITY, MO - Bow River Capital, a Denver-based alternative asset management firm with $4.4...
CHARLOTTE, NC - Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE:...
The latest multifamily industry news delivered to your inbox.