MINNEAPOLIS, MN - Frank Hogan of the Minneapolis office of Colliers Mortgage closed a $3.24 million HUD loan for the 223(f) refinance of Ewing Square Townhomes in Brooklyn Center, Minnesota. The 23-unit affordable property features three- and four-bedroom townhome units all covered by a Project-Based Section 8 HAP Contract.
Project amenities include a playground and clubhouse/leasing office with a business center.
The loan carries a 35-year term/amortization and was arranged for borrower,.
MINNEAPOLIS, MN - The Minneapolis office of Colliers Mortgage closed a $18.3 million HUD 221(d)(4) loan for the substantial rehabilitation of Sherman Forbes Housing in St. Paul, Minnesota. The 104-unit, Section 8 multifamily property features one-bedroom and two-bedroom apartment units.
Project amenities include on-site laundry, off-street parking, community playground, community patio, and a leasing office.
In addition to the HUD-insured first mortgage, the project will utilize 4% Low Income.
Colliers Mortgage closes $18.3 million loan for rehab of St. Paul apartment complex – REJournals rejournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rejournals.com Daily Mail and Mail on Sunday newspapers.