Dougherty Funding LLC has closed a $12 million loan for stage two of a three-stage renovation and expansion of the Royal River Casino and Hotel located in Flandreau, South Dakota. This second stage includes the renovation of the existing bingo hall into a VIP lounge, high stakes gaming, and poker room, as well as the addition of an administrative building connecting directly to the casino. The Flandreau Santee Sioux Tribe has owned and operated the Royal River Casino since 1990. The financing was arranged for the Flandreau Santee Sioux Tribe of South Dakota with Dougherty Funding serving as lead lender and servicer for the loan.
