The Minneapolis office of Colliers Mortgage, part of Colliers International|U.S., recently closed an $11 million HUD 223(a)(7) loan for the refinancing of Realife Cooperative of Bloomington on Lyndale, a 96-unit seniors cooperative property in Bloomington, Minnesota.
The 36-year term and amortization loan lowered the interest rate for the borrower, Realife Cooperative, providing substantial annual savings.
