Dougherty Mortgage recently closed a $3.5 million HUD 221(d)(4) loan for the rehabilitation of The Cameron, a 44-unit multifamily affordable housing property in the North Loop area of Minneapolis.
The 40-year permanent financing loan was arranged for Cameron Building Limited Partnership by Dougherty’s Minneapolis office.
The renovation of the 40,000-square-foot building will consist of 44 studio, one- and two-bedroom apartments ranging in price from $596 to $1,100 a month.
