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Associated Bank Originates $17.7M Acquisition Loan for Townhome Community in Metro Des Moines
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Associated Bank Originates $17.7M Acquisition Loan for Townhome Community in Metro Des Moines
URBANDALE, IOWA — Associated Bank has originated a $17.7 million loan for Tricap Investments for the phased acquisition of the Townhomes at Magnolia Heights in Urbandale, a suburb of Des Moines. The 105 two-story townhome rental units are adjacent to the 240 for-sale, single-family and townhome community of Magnolia Heights. Elizabeth Hozian of Associated Bank managed the loan arrangements and closing. Tricap Investments focuses on the acquisiti…
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