DOUGHERTY ORIGINATES $14M HUD LOAN FOR APARTMENT PROPERTY IN MINNESOTA

ROSEVILLE, MINN. — Dougherty Mortgage has originated a $14 million loan for the refinancing of Hillsborough Apartments, a multifamily property in Roseville. The three-story building includes 206 market rate units. Dougherty arranged the loan on behalf of Hillsborough Manor Apartments LLP. The HUD loan includes a 35-year term and a 35-year amortization schedule.