Oak Grove Arranges $18.2M HUD Loan for Intergenerational Senior Living Community

by Jeff Shaw

ST. LOUIS PARK, Minn. — Oak Grove Capital has arranged an $18.2 million HUD loan modification for TowerLight Senior Living, a 113-unit complex located in St. Louis Park.

The HUD loan modification program allows borrowers to reduce interest rates without extending loan terms.

Amenities at the community include an intergenerational child and elderly care program, fitness center, beauty salon, library and game room, gourmet kitchen, reflection room, club room, theater and an arts and craft room.

Ken Dayton, managing director for Oak Grove, facilitated the loan modification.

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