MINNEAPOLIS, MN - Karen Dubrosky and Frank Hogan of the Minneapolis office of Colliers Mortgage and Colliers Securities, respectively, closed a $10.9 million HUD loan for the acquisition and substantial rehabilitation of the Grand Forks Portfolio in Grand Forks, North Dakota.
The Portfolio is a 182-unit affordable multifamily and senior scattered sites project consisting of three (3) properties. University Square includes 60 multifamily units; Columbia Square East includes 50 senior (62+.