Healthcare W Minnesota

Dougherty Funding closes nearly $9 million loan for construction of Minnesota MOB

Dougherty Funding LLC recently closed an $8.89 million loan for the new construction of Aurora Medical Office Building, a 30,000-square-foot medical center in Aurora, Minn.

Dougherty Funding LLC recently closed an $8.89 million loan for the new construction of Aurora Medical Office Building, a 30,000-square-foot medical center in Aurora, Minn., fully leased by Aurora Health Care for 15 years, with two five-year extensions.

The new construction financing was arranged for Elkhorn Medical Office Building, LLC by Dougherty’s Minneapolis office.