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MinnesotaRetail

Venture Mortgage closes loan for purchase of Minnesota retail property

October 29, 2019
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Venture Mortgage Commercial Real Estate Finance recently closed financing for the acquisition of a 9,260-square-foot multi-tenant retail property in Minnesota.

The 10-year loan has a fixed interest rate for seven years.

Venture Mortgage’s Erik Johnson closed the loan. The client, who owns other retail properties, brought substantial 1031 proceeds to the transaction.

 

 

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