DOUGHERTY ORIGINATES $5.3M REFINANCE LOAN FOR ST. LOUIS APARTMENTS

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ST. LOUIS — Dougherty Mortgage LLC has originated a $5.3 million loan for the refinancing of Washington Avenue Apartments, a 95-unit multifamily affordable housing property in St. Louis. The apartments are located at 1133 Washington Ave. The HUD loan includes a 35-year term and a 35-year amortization schedule. Dougherty arranged the refinance loan for Washington Avenue Apartments LP, a Missouri limited partnership.

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