Colliers Mortgage Funds $1.5M HUD-Insured Loan for Rehabilitation of Minnesota Seniors Housing Community

by Jeff Shaw

BURNSVILLE, Minn. — Colliers Mortgage has provided a $1.5 million HUD 241(a) loan for the rehabilitation of Parkway Cooperative of Burnsville. 

The 102-unit seniors cooperative property features one- and two-bedroom units. Amenities include laundry rooms, community areas, underground parking, an exercise facility, library, craft room and workshop. 

The loan features a 26.5-year term and amortization. Parkway Cooperative of Burnsville was the borrower.

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