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| The Cliffs at Minnetonka apartments, Minnetonka, MN |
DENVER, CO – JLL Capital
Markets announced it has arranged $28 million in financing for The Cliffs at
Minnetonka, a 456-unit garden-style apartment community in Minnetonka near
Minneapolis, Minnesota.
JLL
worked on behalf of the borrower, The Cliffs Limited Partnership LLP, to originate the
10-year, fixed-rate Fannie Mae loan. The loan, which will be used to refinance
an existing loan, will be serviced by Jones Lang LaSalle
Multifamily, LLC, a Fannie Mae DUS lender.
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| Brock Yaffe |
Completed in 1988, The Cliffs at Minnetonka is located at
12300 Marion Lane in a busy commercial corridor close to the Interstate 394 and
494 interchange in suburban Minneapolis.
The 27.5-acre site features six
four-story buildings with 456 units.
The JLL Capital Markets team representing the borrower
was led by Senior Director Brock Yaffe.
For more news, videos and research resources on JLL, please visit
the firm’s U.S. media center Web page: U.S. newsroom.
CONTACT:
Kimberly Steele
JLL Senior Associate
Public
Relations
Phone: +1 713 852 3420
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