The Northfield City Council approved a plan to create a redevelopment district in downtown Northfield where a new four-story, 79-unit apartment complex will be constructed. READ FULL STORY HERE

Rebound requests multiple subsidies for 5th Street Lofts project

ABERDEEN, S.D. — Dougherty Mortgage LLC has provided a $5.1 million Fannie Mae loan for the refinancing of Dakota Estates II in Aberdeen. The 72-unit apartment property was constructed in 2018 and offers studio, one- and two-bedroom units within a three-story building. Amenities include common areas for entertaining and two fitness areas. The 12-year loan features a 30-year amortization schedule. Dakota Estates II LLC was the borrower.