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CBRE Secures $26M in Refinancing for Minnesota Multifamily Community Aery in Hermantown Minnesota

Summary by Yield PRO
CBRE has secured a $25.54 million loan to refinance Aery, a 147-unit, multifamily community in Hermantown, Minnesota. CBRE’s Billy Mork, Mike Vannelli and Joel Torborg of CBRE Capital Markets’ Debt and Structured Finance team in Minneapolis secured the permanent, fixed-rate, Fannie Mae loan on behalf of the owner, P&R Companies, a locally based multifamily development […] The post CBRE Secures $26M in Refinancing for Minnesota Multifamily Commun…
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Yield PRO broke the news in on Tuesday, August 19, 2025.
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