Grandbridge Real Estate Capital recently facilitated the closing of a $35.44 million refinance loan secured by The Arrow Apartments, a 199-unit multifamily/student housing community in Minneapolis.
Originated by Minneapolis-based senior vice pesident Chris Perry, vice president Brett Olson and real estate analyst Joe Lindberg, the permanent, fixed-rate loan was funded through one of Grandbridge’s Credit Union relationships with an initial period of interest-only, a five-year term and 30-year amortization.
Within walking distance to the University of Minnesota, The Arrow’s amenities include a fitness center, multiple study rooms, a printing center, roof top deck and 24-hour gym.
