Skip to content
Homepage
  • Market
    • Illinois
    • 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
  • Real Estate Awards
  • Subscribe
  • Publications
MinnesotaFinance

Oak Grove Capital closes $27 million acquisition loan for 297-unit apartment property near Minneapolis

Staff Writer April 4, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Oak Grove Capital recently originated a $27 million fixed-rate Fannie Mae loan to Oak Residential Partners, LLC, for the acquisition of Stratford Wood Apartments, a 297-unit market-rate multifamily property in Minnetonka, Minn.

The garden-style complex is made up of 10 buildings, each containing four floors.

The fixed-rate loan has a 10-year term with four years of interest-only and seven years of yield maintenance, providing the borrower with much needed cash flow in the loan’s early years and an attractive loan payoff optionality.

Tags
Stratford Wood
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
TexasOffice

Partners Real Estate arranges lease with Texas Chiller Systems in San Antonio

March 30, 2023
IllinoisIndustrial

Brown Commercial Group negotiates 48,171 square feet of industrial sales transactions

March 30, 2023
TexasCRE

StreetLights Residential announces new CFO and two senior leadership promotions

March 30, 2023
IllinoisOffice

CBRE arranges HQ lease for Chicago Red Stars soccer club

March 30, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • 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
  • Office Locations
  • Advertise
© 2023 REjournals.com