Minneapolis — HFF’s Adam Herrin worked on behalf of Fountain Residential Partners to secure two lines of funding for Metro Park East.
Minneapolis — Fountain Residential Partners is developing Metro Park East, a 194-unit, 551-bed apartment community near the University of Minnesota-Twin Cities. HFF’s Adam Herrin worked on behalf of Fountain Residential Partners to secure a $29.5 million construction loan through American Bank of Texas and $11.56 million in joint venture equity with an institutional capital partner. Metro Park East will be complete fall 2014, and the project will be built to LEED Silver standards.
Article originally published on studenthousingbusiness.com.