The Minneapolis office of Dougherty Funding LLC closed a $5,000,000 loan for the acquisition of Independence Medical Center located in Plano, Texas. The property is an existing 49,877 SF medical office center that is located on a 3-acre site. Funds from the loan will be used to acquire the property, provide working capital and to pay closing costs. The loan was arranged for Lystra Real Estate Holdings, LLC and Dougherty Funding serves as lead lender and servicer for the loan.
