GoodNeighbor Properties Acquires Mixed-Use Development In Alexandria, Minnesota For $40.3M Loan

A mixed-use development located at 319 Broadway Street in Alexandria, Minnesota has been involved in a closed transaction. The property spans across 2.5 acres and is owned by GoodNeighbor Properties, represented by Ted Christianson. The transaction took place on June 28, 2022.

Summary of transaction details

• Property Type: Mixed-use Development
• Transaction Amount: $40,300,000
• Lender: First Western Bank & Enhanced Capital
• Landlord: GoodNeighbor Properties - Ted Christianson
• Brokers: Beth Mercante & Chris Peters - StackSource
• Loan Type: Senior Construction Loan

The senior construction loan for $40,300,000 was provided by First Western Bank & Enhanced Capital. The landlord, GoodNeighbor Properties, was represented by Ted Christianson. The brokers involved in the deal were Beth Mercante and Chris Peters from StackSource.