Finance W Minnesota

Minneapolis' Dougherty Mortgage closes $10 million refinancing loan for multi-family property

villa-springs

Minneapolis-based Dougherty Mortgage recently originated a $10 million Fannie Mae loan for the refinancing of Villa Springs Apartments, a 216-unit multi-family affordable housing property in Houston.

Minneapolis-based Dougherty Mortgage recently originated a $10 million Fannie Mae loan for the refinancing of Villa Springs Apartments, a 216-unit multi-family affordable housing property in Houston.

The 15-year term, 14.5-year yield-maintenance loan was arranged by Dougherty's Minneapolis office for Houston Leased Housing Associates IV, LP.