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Cohen Arranges $15M Bridge Loan for Minneapolis Apartments
Cohen Financial’s Cathy Bronkema recently secured a $15.35-million bridge loan for the acquisition of the Minneapolis Grand Apartments. The 112-unit rental property was 97% occupied at time of close.
Bronkema secured the financing with a private real estate investment fund based in New York. The borrower is a longtime Cohen Financial client, Grand Rapids, MI-based Trillium Investments.
“We secured the short-term bridge loan for Trillium to execute their business plan to enhance Minneapolis Grand’s value through upgrading the apartment units, thus enhancing overall value and returns,” said Bronkema. “The multifamily product continues to be the favorable property type for investors and lenders to achieve yield based on risk.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing

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