Retail W Minnesota

Venture Mortgage closes loan for purchase of Minnesota retail property

Venture Mortgage Capital closes loan for purchase of retail property,ph01

Venture Mortgage Commercial Real Estate Finance recently closed financing for the acquisition of a 9,260-square-foot multi-tenant retail property in Minnesota.

The 10-year loan has a fixed interest rate for seven years.

Venture Mortgage’s Erik Johnson closed the loan. The client, who owns other retail properties, brought substantial 1031 proceeds to the transaction.