There are appraisals, and then there are appraisals for HUD! These reports require higher level of detail and analysis to meet specific HUD appraisal requirements. Brad Moore, MAI has specialized in appraising these types of multi-family properties for many years. I often have to tip my cap reading through them. Not everyone has the bandwidth to bring these reports across the finish line. Simonson Appraisals was proud to provide valuation services for Colliers Mortgage on this 56-unit market rate cooperative. If you have any multi-family valuation needs requiring higher level of detail for financing, estate planning or litigation, feel free to reach out to learn more. #multifamily #appraisals #valuation #cre #HUD
The Minneapolis office of Colliers Mortgage helped bring a new cooperative to the Lake Phalen area in Maplewood, Minnesota, having closed a $20.9 million HUD loan for the construction of The American Cooperative on Lake Phalen. The 56-unit market-rate cooperative designed for members 62+ is located on the north shore of Lake Phalen between Keller and Phalen Regional Parks and golf courses. Read more: https://ow.ly/4Ysm50RgjyU Colliers Mortgage's platform provides access to a full range of capital sources for all types of commercial real estate properties. We serve many new and repeat clients as a trusted advisor and long-term capital finance partner. Reach out to our team to discuss how we can help with your capital needs. #hud #cooperative