Associated Bank has provided $28.58 million of construction financing for the development of the 145-unit Olivine Apartments in Victoria, Minn. Northmarq arranged the loan on behalf of the property’s developer, a venture of Schafer Richardson and Marco McLane Development, both of Minneapolis. The company also arranged a preferred equity investment in the property from Ackerberg […]

The post Associated Bank Lends $28.58Mln for Minneapolis-Area Apartments appeared first on Commercial Real Estate Direct.