Dougherty Mortgage Provides $42M Fannie Mae Loan for Refinancing of Apartment Property Near Minneapolis

SHOREVIEW, MINN. — Dougherty Mortgage LLC has provided a $42 million Fannie Mae loan for the refinancing of Loden SV, a 206-unit apartment property in Shoreview, about 12 miles northeast of Minneapolis. Constructed in 2018, the pet-friendly property features a community room, conference room, theater room, fitness center, pet grooming area and pool. The 10-year loan features a 30-year amortization schedule. The borrower was not disclosed.