Oak Grove Capital recently originated a $26.5 million loan for Woodlane Place Townhomes, a multi-family community in Woodbury, Minn.
Oak Grove Capital secured the 35-year fully amortizing loan for At Home Apartments, which used the financing to acquire the property.
“This particular deal had many moving pieces and real-time adjustments, forcing us to constantly adapt,” said Scott Streiff, vice president at Oak Grove Capital. “Our internal team and counsel worked extremely hard. They deserve a lot of the credit in getting this deal to the finish line.”
Built in 1988, Woodlane Place Townhomes is a 226-unit market-rate complex of 31 one- and two-story townhome-style buildings with attached garages.
