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MINNEAPOLIS, MN - Colliers Mortgage, part of Colliers International | U.S., recently closed an $11.2 million HUD 221(d)(4) loan for the substantial rehabilitation of Vadnais Highlands and Lincoln Place, two affordable multifamily housing properties located in Vadnais Heights and Mahtomedi, Minnesota. Vadnais Highlands includes 35 townhome-style units and Lincoln Place includes 48 apartment-style units, with all units covered by project-based section 8 HAP contracts. As part of the proposed.

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