Greco Secures $40M Fixed-Rate Loan For 212-Unit Multifamily Property In Champlin, Minnesota
FINANCED
$40,000,000
Minnesota
See Similar DealsMultiFamily
Financed 07/12/2022
FINANCED
Greco Secures $40M Fixed-Rate Loan For 212-Unit Multifamily Property In Champlin, Minnesota
220 E River Pkwy, Champlin, Minnesota 55316, United States
See Similar DealsMultiFamily
Financed 07/12/2022
Summary
MINNESOTA
Asset Type:MultiFamily
Transaction Type:Loan
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$40,000,000.00
Monthly NOI$266,666.67
Monthly Debt Service$252,827.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions