January 23, 2020 Comments Off on NKF Arranges Refi on Graduate Minneapolis Hotel Views: 320 Midwest, Minnesota, National News

NKF Arranges Refi on Graduate Minneapolis Hotel

NKF arranged a $65-million floating rate loan on behalf of AJ Capital to refinance Graduate Minneapolis, a 304-key hotel on the University of Minnesota’s campus. The loan was provided by Aareal Capital.

The NKF team was led by Jordan Roeschlaub and Dustin Stolly, co-heads of the debt & structured finance group, along with Mark Schoenholtz, Nick Scribani, Chris Kramer and Drew Ahlers.

“The property’s location directly on campus makes it the preeminent choice for university-driven guests,” said Roeschlaub. “Furthermore, given its proximity to downtown Minneapolis, the university is also a top choice for anyone visiting in the metro area.”

Stolly added that AJ Capital, via its Graduate brand, “has found a true niche in the hospitality space by targeting university-centric assets and curating them to the local market.” AJ launched the Graduate brand in 2014 and acquired the Minneapolis property in 2016.

Connect With NKF’s Stolly

Connect With NKF’s Roeschlaub


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