Grandbridge Real Estate Capital recently closed a $3.6 million first mortgage loan secured by a 105-unit apartment property in Anoka, Minn.
This refinance transaction was originated by Minneapolis-based Tony Carlson.
Funding for the fixed-rate loan was provided by Riversource and featured a 10-year term, 20-year amortization, and a fixed interest rate in the mid-3-percent range. The loan required no personal guaranty and featured a flexible prepayment structure.
