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CBRE Secures $26M in Refinancing for Minnesota MF Community
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CBRE Secures $26M in Refinancing for Minnesota MF Community
CBRE has secured a $25.54 million loan to refinance Aery, a 147-unit, multifamily community in Hermantown, Minnesota. CBRE’s Billy Mork, Mike Vannelli and Joel Torborg of CBRE Capital Markets’ Debt and Structured Finance team in Minneapolis secured the permanent, fixed-rate, Fannie Mae loan on behalf of the owner, P&R Companies, a locally based multifamily development and management firm serving Minnesota and Wisconsin’s North Shore region. “We …
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