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MinnesotaFinanceSeniors Housing

Colliers Mortgage closes $11 million refi loan for seniors housing in Minnesota

February 1, 2021
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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.

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