JLL: JLL Provides $33.2M Loan for Refinancing of Active Adult Community in Metro Minneapolis

MAPLE GROVE, MINN. - JLL Capital Markets has provided a $33.2 million Fannie Mae loan for the refinancing of Risor of Maple Grove, a luxury 55+ community in the Minneapolis suburb of Maple Grove. The 169-unit property, completed in June 2023, rises four stories with a mix of studios, one- and two-bedroom units averaging 1,002 square feet. Amenities include a clubroom, golf simulator, wine bar, indoor pool and spa, pickleball court and top-floor sky lounge. Scott Loving, Scott Streiff, Gary Marchiori and Will Hintz of JLL originated the five-year, fixed-rate loan on behalf of the borrower, Roers Cos. The post JLL Provides $33.2M Loan for Refinancing of Active Adult Community in Metro Minneapolis appeared first on REBusinessOnline.