Northmarq Arranges $41.6M Loan For Student Housing In Mankato, MN | 200 Briargate Road | Andy Finn | Loan

Summary

Loan

MINNESOTA

The student housing property located at 200 Briargate Road in Mankato, MN has recently undergone a closed transaction. The property consists of 524 units and is situated in a prime market. The deal was brokered by Andy Finn from Northmarq.

Summary of transaction details

Property Type: Student Housing
Transaction Amount: $41,610,000
Date of Transaction: 08/04/2022
Market: Mankato, MN
Units: 524

The loan for this transaction was secured on a non-recourse basis. It has a seven-year term with three years of interest-only payments, followed by a 30-year amortization schedule.

Andy Finn from Northmarq played a key role in representing the parties involved in this deal.

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Players

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2

Agents
1
Agencies
1

Andy Finn

Senior Vice President

$9M Sold

Details

Deal Summary

FINANCED

IMAGE: Andy Finn DATE: 08/04/2022 ADDRESS: 200 Briargate Road MARKET: Mankato, MN ASSET TYPE: Student Housing ~ UNITS: 524 BROKER: Andy Finn - Northmarq LOAN AMOUNT: $41,610,000 LOAN TERMS: non-recourse basis with a seven-year term with three years of interest only followed by a 30-year amortization schedule

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Address200 Briargate Road

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