Dougherty Mortgage Closes $2M Acquisition Loan for Apartment Property in St. Paul

ST. PAUL, MINN. — Dougherty Mortgage LLC has closed a $2 million Fannie Mae loan for the acquisition of Minnehaha Apartments. Located in St. Paul, Minnehaha Apartments features 39 units. The complex includes all three-story buildings and was constructed in 1962. The loan features a 15-year term and 30-year amortization schedule. Minnehaha Flats LLC is the borrower.