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Colliers Mortgage Closes $3 24 Million in HUD | MultifamilyBiz com

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,.

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Colliers Mortgage Closes $18 3 Million HUD Substantial Rehabilitation Loan for Sherman Forbes Housing Community in Minnesota

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.

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Should you worry about rent hikes if your low-income complex goes to monthly leases?

A Tri-Cities Redditor wondered if month-to-month leases are a sign that they’ll have to move.

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Colliers Mortgage closes $18 3 million loan for rehab of St Paul apartment complex – REJournals

Colliers Mortgage closes $18 3 million loan for rehab of St Paul apartment complex – REJournals
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UPDATE – Greystone Provides $16 5 Million in Fannie Mae

NEW YORK, June 30, 2023 (GLOBE NEWSWIRE) Greystone, a leading national commercial real estate finance company, has provided a total of $16,497,000 in.

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