Oak Grove Capital Originates $42.5M in Acquisition Financing for Apartment Complex

by Danielle Everson

INVER GROVE HEIGHTS, MINN. — Oak Grove Capital has originated a $42.5 million fixed-rate Fannie Mae loan for joint venture White Oak Partners and a fund managed by Ares Management. The loan will be used to acquire Southview Gables, a 425-unit garden-style apartment complex in Inver Grove Heights, a suburb in the Twin Cities. The fixed-rate loan has a 10-year term with three years of interest-only payments and seven years of yield maintenance.

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