Karen Dubrosky of the Minneapolis office of Colliers Mortgage closed a $1.6 million Fannie Mae loan for the refinance of Kings Kourt Apartments in Sioux Falls, South Dakota.
The 42-unit market-rate multifamily property is surrounded by aged trees and located near the historical district, close to Augustana University and University of Sioux Falls.
The loan carries a 10-year term/amortization and was arranged for an undisclosed borrower.
