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MinnesotaFinance

Dougherty closes $6.5 million refinance loan for apartment property in Minnesota

April 2, 2020
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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.

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Dougherty MortgagefinanceMinnesotamultifamilyStillwater
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