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15400 105th Avenue North, M...

Updated Dec 2, 2024

Associated Bank Provides $67.5M Loan For Maple Grove Development Site
FINANCEDDevelopment Site

Associated Bank Provides $67.5M Loan For Maple Grove Development Site

15400 105th Avenue North, Maple Grove, Minnesota 55369, United States

$67,534,926

Building Size

—

Asset Type

Development Site

Closing

Aug 11, 2022

About this deal

AI

A development site located at 15400 105th Avenue North in Maple Grove, MN has been involved in a recent transaction. The property, situated in a prime market, was the subject of a loan. The lender, Associated Bank, provided a loan amounting to $67,534,926. The loan was secured for the development of the site.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $67,534,926
  • Lender: Associated Bank - Edward “Ted” Notz
  • Landlord: Greystar
  • Address: 15400 105th Avenue North, Maple Grove, MN

Edward “Ted” Notz, representing Associated Bank, played a significant role in facilitating the loan for the development site. The loan amount will support the future development plans for the property, opening up opportunities for growth and expansion in the Maple Grove market. Greystar, the landlord, will benefit from the financing to enhance the site's potential.

On the Map

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$67,534,926

Development Site

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Players

Associated Bank
Associated BankLender
Greystar
GreystarLandlord

Maple Grove Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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