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Colliers Mortgage Provides $13.4M HUD-Insured Loan for Refinancing of Minnesota Multifamily Property

Boulder Ridge’s 112 units provide naturally occurring affordable housing in Apple Valley.

APPLE VALLEY, MINN. — Colliers Mortgage has provided a $13.4 million HUD 223(f) loan for the refinancing of Boulder Ridge in Apple Valley, a southern suburb of Minneapolis. The 112-unit multifamily property provides naturally occurring affordable housing (NOAH) and is managed by CommonBond Housing. The loan features a 35-year term and a 35-year amortization schedule. CB Boulder Ridge LLC was the borrower.

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