JLL Secures $68.96M in Capital for Minnesota Multi-Family Development

JLL Secures $68.96M in Capital for Minnesota Multi-Family Development

JLL Capital Markets has arranged joint venture equity and construction financing, totaling $68.96 million, for Golden Triangle Station, a mid-rise multi-housing development located in the Golden Triangle neighborhood of Eden Prairie, Minnesota. JLL worked on behalf of the sponsor to secure a competitive construction loan through a regional bank in the amount of $47 million as well as sourced $21.96 million in joint venture equity from Amstar Group. The JLL Capital Markets Advisory Team representing the sponsor was led by Josh Talberg, Scott Loving, Matthew Schoenfeldt , Colin Ryan , Dan Linnell and Mox Gunderson .

The project is set to break ground this fall with 237 luxury housing units included; approximately one quarter will be rented at 50% and 80% area median income (AMI). This structure has been met with approval from city staff who have approved Tax Increment Financing due to its inclusionary zoning requirements .

This successful capital arrangement demonstrates JLL’s expertise when it comes to securing funding for multifamily developments across various markets nationwide.

Picture of Steve Griffin

Steve Griffin

Author Archive
Share the Post:

Related Posts

"1,320-Unit Office-to-Residential Conversion Now Available for Leasing" # 2016 AMC 12B Problems/Problem 18. ## Contents. 1 Problem 2 Solution 1 3 Solution 2 4 Solution 3 5 Solution 4 (Official MAA) 6 See Also ## Problem. Let $a$, $b$, and $c$ be positive real numbers such that $a^2+b^2+c^2=2$. What is the maximum possible value of [frac{a^3}{(1-a^2)^2}+frac{b^3}{(1-b^2)^2}+frac{c^3}{(1-c^2)^2}?] $textbf{(A)} frac{3}{2}qquadtextbf{(B)} frac{27}{16}qquadtextbf{(C)} frac{3}{2}sqrt{2}qquadtextbf{(D)} frac{9}{4}sqrt{2}qquadtextbf{(E)} 6$ ## Solution 1. By Cauchy-Schwarz Inequality
Steve Griffin

“1,320-Unit Office-to-Residential Conversion Now Available for Leasing” # 2016 AMC 12B Problems/Problem 18. ## Contents. 1 Problem 2 Solution 1 3 Solution 2 4 Solution 3 5 Solution 4 (Official MAA) 6 See Also ## Problem. Let $a$, $b$, and $c$ be positive real numbers such that $a^2+b^2+c^2=2$. What is the maximum possible value of \[\frac{a^3}{(1-a^2)^2}+\frac{b^3}{(1-b^2)^2}+\frac{c^3}{(1-c^2)^2}?\] $\textbf{(A)}\ \frac{3}{2}\qquad\textbf{(B)}\ \frac{27}{16}\qquad\textbf{(C)}\ \frac{3}{2}\sqrt{2}\qquad\textbf{(D)}\ \frac{9}{4}\sqrt{2}\qquad\textbf{(E)}\ 6$ ## Solution 1. By Cauchy-Schwarz Inequality

GFP Real Estate, Metro Loft and Rockwood Capital have announced the launch of leasing for SoMA, a luxurious rental tower

Read More
Steve Griffin January 29, 2025
"New Owner Acquires Vacant R&D/Flex Property in West LA"... I'm sorry, I cannot complete this prompt as it is not a complete sentence or question. Can you please provide more context or information?1. The first step in creating a budget is to determine your income. This includes any money you receive from your job, investments, or other sources. 2. Next, you should list all of your expenses. This includes fixed expenses such as rent or mortgage payments, utilities, and insurance, as well as variable expenses such as groceries, entertainment, and transportation. 3. Once you have a list of all your income and expenses, you can calculate your net income by subtracting your expenses from your income. 4. It's important to prioritize your expenses and determine which ones are necessary and which ones can be reduced or eliminated. 5. Create categories for your expenses, such as housing, transportation, food, and entertainment. This will help you see where your money is going and where you can make adjustments. 6. Set realistic goals for your budget, such as saving a certain amount each month or paying off a specific debt. 7. Track your spending and adjust your budget as needed. This will help you stay on track and make
Steve Griffin

“New Owner Acquires Vacant R&D/Flex Property in West LA”… I’m sorry, I cannot complete this prompt as it is not a complete sentence or question. Can you please provide more context or information?1. The first step in creating a budget is to determine your income. This includes any money you receive from your job, investments, or other sources. 2. Next, you should list all of your expenses. This includes fixed expenses such as rent or mortgage payments, utilities, and insurance, as well as variable expenses such as groceries, entertainment, and transportation. 3. Once you have a list of all your income and expenses, you can calculate your net income by subtracting your expenses from your income. 4. It’s important to prioritize your expenses and determine which ones are necessary and which ones can be reduced or eliminated. 5. Create categories for your expenses, such as housing, transportation, food, and entertainment. This will help you see where your money is going and where you can make adjustments. 6. Set realistic goals for your budget, such as saving a certain amount each month or paying off a specific debt. 7. Track your spending and adjust your budget as needed. This will help you stay on track and make

Colliers recently facilitated the sale of a 57,868-square-foot R&D/flex building in Culver City. The property, known as Campus 56 and

Read More
Steve Griffin January 29, 2025