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Colliers Mortgage Closes $13 4 Million HUD Refinance Loan for 112-Unit Naturally Occurring Affordable Housing in Apple Valley, Minnesota

MINNEAPOLIS, MN - David Mullen of the Minneapolis office of Colliers Mortgage closed a $13.4 million HUD 223(f) loan for the refinance of Boulder Ridge in Apple Valley, Minnesota. The 112-unit multifamily property provides naturally occurring affordable housing (NOAH) and is managed by identity-of-interest management agent CommonBond Housing. The property consists of eight (8) residential buildings with tuck-under garage stalls. The property was previously financed with Colliers Mortgage (fka.

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