Peter Nelson Of Tareen Development Partners Secures $8.525M Refinance For Silver Lake Point In Mounds View MN

The property involved in this transaction is an 83-unit multifamily asset known as Silver Lake Point, located at 2701 West County Road I in Mounds View, Minnesota. The asset has been refinanced for a total amount of $8,525,000, with plans for a significant renovation funded through tax-exempt bonds and 4% Low-Income Housing Tax Credits.

The refinancing deal was managed by Tareen Development Partners, which is led by Peter Nelson, who oversees the operations related to the property. The company aims to enhance the living conditions at Silver Lake Point through the planned renovations and financial strategies implemented with this refinancing.