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MinnesotaSeniors Housing

Centerline Capital Group provides $3.63 million refinancing loan for 59-unit seniors housing community in Minnesota

Staff Writer April 5, 2017
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Centerline Capital Group has provided a $3.63 million Fannie Mae DUS Choice Loan to refinance a multi-family property in Cottage Grove, Minn.

Cottages of Cottage Grove is a 59-unit senior age-restricted, income-restricted community located at 8240 East Point Douglas Road South. The property was built in 1993, and consists of five one-story townhome buildings and 12 detached garages.

The neighborhood includes a mixture of residential and commercial properties.

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