Affordable FL Community Lands $23M

Property News

Dougherty Mortgage’s Minneapolis office has closed a $22.7 million HUD 223(f) acquisition loan for the purchase and rehabilitation of a 336-unit affordable housing property in Punta Gorda, Fla. According to Yardi Matrix data, Dominium purchased Seven Palms Apartments from Alliant Capital for $28.6 million. The 35-year loan features a 35-year amortization schedule.

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