KentuckyMultifamily Dougherty closes $4 million loan for Kentucky multifamily development July 28, 2018 Share on Facebook Share on Twitter Share on LinkedIn Share via email Dougherty Mortgage’s Minneapolis office recently closed a $4.1 million Fannie Mae loan for the acquisition financing of Cottages of Frankfort Phase I, a 96-unit multifamily affordable housing property located in Frankfort, Kentucky. The 10-year term, 30-year amortization loan was arranged for borrower IPI Properties 17 LLC.