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Chicago & Midwest  + Midwest  + Finance  | 
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Bellwether Closes on Financing for Twin Cities Affordable

Bellwether Enterprise Real Estate Capital LLC closed the latest of nine deals with Midwest GIR Group totaling $18,139,000 for multifamily properties in Minneapolis and St. Paul. With the closing of Hatch Apartments, Midwest GIR Group has acquired more than 280 naturally affordable units in the past 16 months.

Minneapolis-based Bellwether VP Lucas Goring arranged the loans on behalf of the sponsors, Grow-Scale and Lee Yan from Midwest GIR Group.

“Lee and the Grow-Scale group have done an incredible job of finding underperforming properties in certain parts of the city that require more hands-on management,” said Goring. “Lee’s ability to roll up his sleeves and do the work necessary to create value has made his investors very happy. These loans show there is still a variety of sources available for any sort of acquisition financing.”

Connect Industrial Midwest is coming to Rosemont, IL on March 4. For more information, or to register, click here.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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