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MinnesotaCRE

Grandbridge Real Estate Capital closes $9 million refinance loan for multi-family property in Minnesota

Staff Writer April 5, 2017
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morningsideGrandbridge Real Estate Capital closed a $9 million first mortgage loan secured by a 150-unit multi-family property in St. Cloud, Minn.

This refinance transaction was originated by Minneapolis-based vice president Tony Carlson.

Funding for the fixed-rate loan was provided by a life insurance company. It featured a 15-year term, 15-year amortization and a fixed interest rate in the low-3-percent range.

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