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Follow on Google News | Dekel Capital Arranges $41 MM Loan to Refi New Minneapolis Apartment CommunityBy: Dekel Capital The financing is from debt funds managed by Ares and will be used to retire the existing construction loan and provide for the continued lease up and stabilization of the property. The property is currently 81 percent leased. The Minneapolis- "Minneapolis continues to experience strong population and job growth, excellent demand drivers for multifamily development," The property's high occupancy rate, as well as its desirable location adjacent to The Shops at West End, a 400,000-square- Central Park West features a mix of studio, one-, two-, and three-bedroom apartment homes. Each includes stainless steel appliances, wood flooring and in-unit washer and dryers. Property amenities include clubhouse, business center, resort-style pool with tanning ledge, fitness room and outdoor patio seating areas. About Dekel Capital Dekel Capital is a Los Angeles-based real estate merchant bank with proven expertise in capital market advisory and private equity in commercial real estate. The firm serves an elite group of commercial real estate operators, investors and developers with an exclusive, boutique approach, allowing them to create tailored solutions that address unique capital challenges. For more information, please visit http://www.dekelcapital.com. End
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