JLL Capital Markets has arranged $60.14 million of financing for the construction of the 244-unit Avalon Apartments and Townhomes in Eagan, Minn. Alerus Financial Corp., of Grand Forks, N.C., provided a $45 million construction loan, while Centerspace, a Minneapolis REIT, provided a $15.14 million mezzanine loan. Trident Development of St. Cloud, Minn., is building the […]

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