Oak Grove Capital originated 11 loans totaling $89.5 million for affordable, market rate and seniors housing facilities across the United States. The deals, which range from $15.2 million to $3.85 million, all closed between July 16 and August 6.
Oak Grove Capital originated three loans for market-rate multi-family properties in the Midwest totaling $13.4 million.
This included Hidden Ponds Apartments in Apple Valley, Minn., an 84-unit property. The $4.4 million HUD GNMA 223 (f) loan was facilitated by Ken Dayton, managing director at Oak Grove Capital.
Oak Grove Capital also financed Baypoint Estates Apartments in Duluth, Minn., a 76-unit property. The $4.1 million Fannie Mae MBS loan was also facilitated by Dayton.
