Oaks Landing

700 7th Street NW, New Brighton, MN 55112

Oaks Landing is a 204-unit age-restricted (50+) property located in New Brighton, MN. This is the “Senior sister” to Brighton Oaks, the 154-unit Family project across the street that closed on December 23, 2019.

The financing includes a Freddie Mac Forward Tax-Exempt Loan serviced by Citibank, a taxable supplemental loan and a construction loan provided by Citibank, an equity bridge loan provided by Alliance Bank, an equity investment in the 4% Federal Low-Income Housing Tax Credits from WNC & Associates, Inc and Tax Increment Financing from the City of New Brighton. Additionally, we would like to sincerely thank our partners at Minnesota Housing for their determination of Federal Low-Income Housing Tax Credits, and the City of New Brighton, Minnesota as the land seller and conduit issuer of tax-exempt debt.

The development Partners include the City of New Brighton, Dominium Construction & Architectural Services, Eagle Builders, BKV Group, Loucks, Winthrop & Weinstine, Colliers International and Commercial Partners Title. We would like to thank all of these partners for their assistance on this project and the value they bring to the transaction.

Oaks Landing
700 7th Street NW, New Brighton, MN 55112 Directions