Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Advertise
  • Real Estate Awards
  • Login/Register
MinnesotaFinanceMultifamily

Minnesota Housing closes $3.3 million refinance of Minneapolis apartment development

January 8, 2021
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Minnesota Housing recently closed a $3.3 million refinance of Greenleaf Apartments on Lyndale Avenue in South Minneapolis. 

Greenleaf has 63 affordable units, as well as retail space featuring World Street Kitchen. 

Minnesota Housing provided a 35-year term/amortization Low and Moderate Income Rental (LMIR) first mortgage. The property was built originally in 2011 with low income housing tax credits and deferred loans from the City of Minneapolis, Minnesota Housing, Met Council, Hennepin County and Family Housing Fund.  

The refinance helped the borrowers navigate the circumstance of the TIF payments from the City of Minneapolis ending earlier than expected, lowered their interest rate and allowed them to re-capitalize replacement reserves. 

Tags
financeMinneapoisMinnesotaMinnesota Housingmultifamily
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
MissouriCRE

St. Louis’ Kadean Construction’s revenues more than double in 2020

March 5, 2021
IllinoisRetail

Cullinan Properties rebrands Illinois’ Quincy Mall

March 5, 2021
WisconsinIndustrial

Lee & Associates closes warehouse lease in Madison

March 5, 2021
IllinoisCRE

CRE Future Leaders: Cody Balogh, The Missner Group

March 5, 2021

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Advertise
  • Office Locations
© 2021 REjournals.com