REBusinessOnline

CBRE|MELODY ARRANGES $11 MILLION MULTIFAMILY LOAN

WOODBURY, MINN. — The Minneapolis office of CB Richard Ellis | Melody (CBRE) has secured $11 million in permanent financing for Seasons Villas, a 214-unit rental townhome community located at 8630 Summer Wind Alcove in Woodbury. Individual units average 1,116 square feet, and include great rooms, fireplaces, vaulted ceilings and European kitchens. Douglas Seylar and Murray Kornberg of CBRE arranged the loan on behalf of Seasons Villas of Woodbury LLC. Financing was provided by 40|86 Mortgage Capital.

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