EDINA, MN – Venture Mortgage Corporation is pleased to announce the successful funding 3 market-rate multifamily assets located in Grand Forks and Fargo, ND totaling $14,440,000.
All 3 properties are newly built and well-located in their respective towns, providing residents great access to amenities and area retail.
The properties were financed via a partnership with a direct, Freddie Mac SBL lending source and placed in 10-year term, 30-year amortization loans. Venture Mortgage will be the designated servicer of the loans.
The closings were spearheaded by Charlie Traeger, Vice President and Patrick Hart, Director of Capital Markets.
About Venture Mortgage: Headquartered in Edina, MN, Venture Mortgage Corporation has been providing a variety of commercial real estate financing structures for investors and owners since 1990. The team originates and services commercial real estate loans nationwide, with a strong presence in the mid-west. They maintain relationships with insurance companies, agency lenders, banks, conduit lenders and capital market investors. With an active servicing portfolio of $585 million and over $7 billion in originations to date, the team delivers comprehensive solutions to clients in every area of the capital stack.