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MINNEAPOLIS — Locally based Welsh Capital recently arranged three loans totaling $11.8 million for Twin Cities commercial real estate properties. The loans include $8.2 million in acquisition financing for an 81,835-square-foot multi-tenant office building; a $2.2 million refinance of a 10,741-square-foot retail property; and a $1.4 million refinance of a 33-unit apartment building. The firm structured secondary financing for the apartment and office building transactions, which typically isn’t utilized in commercial real estate loans. The inclusion of such financing may become more common in order to make deals work in the current economic climate.