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HERMANTOWN, MINN. — CBRE has arranged a $25.5 million Fannie Mae loan for P&R Cos. to refinance Aery, a 147-unit property in Hermantown, a western suburb of Duluth, Minn. CBRE’s Minneapolis-based team of Billy Mork, Mike Vannelli and Joel Torborg arranged the permanent, fixed-rate loan. Aery was developed in 2021 and features studio, one-, two- and three-bedroom floor plans. Amenities include a fitness center, pet spa, storage, an outdoor rooftop deck and patio areas with grilling stations.