The development site located at 3030 Nicollet Avenue in Minneapolis has been the focus of a significant affordable housing project financed by Wells Fargo. The loan amount of $65.5 million has been provided for Opportunity Crossing, the area's first mixed-use development since 2020. The project encompasses 110 units, ground-floor commercial space, and a new Wells Fargo branch.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $65,500,000
• Lender: Wells Fargo
• Landlord: Paul Williams - Project for Pride in Living
• Asset Type: Development Site
• Address: 3030 Nicollet Avenue
• Market: Minneapolis
• Loan Type: Construction Loan

The project has been made possible through the collaborative efforts of key individuals and organizations. Project for Pride in Living, the Cultural Wellness Center, and Wells Fargo's Community Lending and Investment Group led extensive outreach efforts to ensure community support for this impactful endeavor.