Greco Secures $40M Fixed-Rate Loan For 212-Unit Multifamily Property In Champlin, Minnesota

The multifamily property located at 220 E. River Parkway in Champlin, Minnesota was recently involved in a closed transaction. The property consists of 212 units and is owned by Greco. The transaction was facilitated by broker Patrick Minea from Northmarq.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $40,000,000
• Loan Type: Fixed-rate
• Loan Terms: Seven-year loan
• Date: 07/12/2022
• Address: 220 E. River Parkway
• Market: Champlin, Minnesota
• Asset Type: Multifamily
• Units: 212

The loan amount for this transaction was $40,000,000. The loan terms include a fixed-rate and a seven-year duration. Patrick Minea from Northmarq represented Greco in the deal.