Finance W Minnesota

Good week: Towle Financial services closes more than $32 million in loans

Talk about a good week: Minneapolis-based Towle Financial Services closed $32.6 million in permanent loans in 12 separate transactions all in the week of Aug. 29.

Talk about a good week: Minneapolis-based Towle Financial Services closed $32.6 million in permanent loans in 12 separate transactions all in the week of Aug. 29.

The loans included five apartments for a total of $15.8 million, four senior living properties totaling $9.5 million and two industrial properties totaling $7.3 million.

All of the loans were financed by Towle Financial Services’ correspondent life insurance companies, and were originated by Dan Mott, Mark Vannelli and Mike Polencheck in the Minneapolis office and Otto Kern in the Detroit office of Towle.