With short-term interest rates near all-time lows, real estate property owners have been attracted to the firm's "collar" loan program, says George Zeller, vice president of Welsh Capital. The program offers the benefits of a floating interest rate while cappingtotal interest rate exposure.
The five deals include:
* Pine Tree Apartments, a 199-unit residential complex; and Emerald Point Apartments, a 164-unit residential complex, both in St. Paul, MN.
* 1111 Seventh Ave South, a 42-unit residential complex in Minneapolis; and 1414 ThirdStreet South, a 70-unit residential complex, both in Minneapolis.
* Beverly Apartments, a 52-unit residential complex in Anoka, MN.
* Robert Square Shopping Center, a 24,000-sf retail center in St. Paul, MN.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
