Minneapolis’ Towle Financial Services as of April 23 had originated a total loan volume of $78 million, an increase of 50 percent when compared to the same period in 2011.
The $78 million included a mixture of apartments, industrial, rent, office and medical office properties.
“We are continuing to see available capital in commercial real estate,” said Dan Mott, a principal with Towle. “Interest rates remain near historic lows. It is a great lending environment for our clients with stabilized commercial real estate.”
