May 5, 2017 – Dougherty Mortgage LLC, a full service national mortgage banking firm, recently closed a $12 million HUD 223(f) loan for the refinance of Meadow View Townhomes, a 128-unit multifamily affordable housing property located in Goshen, Ohio. The Sponsor of the project is Dominium Development & Acquisition, a developer and owner of multifamily properties. The project was constructed in 1994, and Dominium took over ownership and management duties in early 2015. All 128 units are restricted to residents earning 60% or less of the Area Median Income. The HUD 223(f) loan has a 35-year term and amortization schedule and was arranged through Dougherty’s Minneapolis office for borrower Goshen Leased Housing Associates I, LLLP, a Minnesota limited liability limited partnership.
