MinnesotaFinance Dougherty closes $6.5 million refinance loan for apartment property in Minnesota April 2, 2020 Share on Facebook Share on Twitter Share on LinkedIn Share via email Dougherty Mortgage recently closed a $6.5 million Fannie Mae loan for the refinancing of Long Lake Villas, a 59-unit multifamily affordable housing property in Stillwater, Minnesota. The property now consists of 59 units, located throughout seven two-story townhome buildings and three single-story townhome buildings for a total of 10 buildings. The 12-year term, 30-year amortization loan was arranged for borrower Long Lake Villa Limited Partnership.