Multifamily L Iowa

Vintage Cooperative of Coralville in Iowa gets $9.8 million HUD 213 loan

Vintage-Cooperative-of-Coralville

Dougherty Mortgage LLC recently closed a $9.8 million HUD 213 loan for the construction of Vintage Cooperative of Coralville, a 59-unit market rate seniors cooperative located in Coralville, Iowa.

Dougherty Mortgage LLC recently closed a $9.8 million HUD 213 loan for the construction of Vintage Cooperative of Coralville, a 59-unit market rate seniors cooperative located in Coralville, Iowa.

Amenities include 9-foot ceilings, outdoor deck or patio, large walk-in closets and pantry in kitchen.  Common areas feature a fitness center, workshop, garden plots, cafe and club room.

The 40-year term HUD 213 loan was arranged for borrower, Vintage Cooperative of Coralville, through Dougherty’s Minneapolis office.