Tricap Investments Secures $17.7 Million Loan From Associated Bank For Townhomes At Magnolia Heights

The property asset involved in the transaction is a multi-family residential complex located at 5437 155th Street, Urbandale, IA. The transaction features a loan amount of $17,700,000 provided by Associated Bank to finance the phased acquisition of the 105-unit Townhomes at Magnolia Heights.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $17,700,000
• Lender: Associated Bank
• Landlord: Bryan Pritchard - Tricap Investments

The key individuals involved in this transaction include Bryan Pritchard, representing Tricap Investments, which is the entity acquiring the property. Associated Bank acts as the lender for the loan facilitating this acquisition.