MMCC Arranges Loan on University of Minnesota Student Apartments

by Scott Reid

Minneapolis — A student apartment located near Siebert Field and the University of Minnesota campus, was recently acquired by a foreign investor. The 24-unit, 74-bed property has been consistently 100 percent occupied and leased, according to Dean Giannakopoulos, director of capital markets for Marcus & Millichap Capital Corporation’s downtown Chicago office. Giannakopoulos arranged a five-year loan in the amount of $2.4 million at a fixed interest rate of 4.12 percent on behalf of the buyer.        

You may also like