About Our Office

Our Twin Cities office offers a complete range of financing options for all types of commercial real estate. We serve the entire Midwest area and can arrange commercial real estate loans for any property type through our unmatched network of lending partners. Call our local office to learn more.

Download office overview

Production Team

  • Filter By:

{{employee.name}}

{{employee.job_title}}

{{employee.office.city}}, {{employee.office.state}}

{{employee.office.name}}

{{employee.office.address_01}}

{{employee.office.address_02}}

{{employee.office.city}}, {{employee.office.state}} {{employee.office.zip}}

{{employee.employee_email}}

View All Minneapolis Employees

NorthMarq Capital’s Minneapolis office adds CRE veteran, Andy Finn, to its ranks

MINNEAPOLIS (November 15, 2018) – Andy Finn has joined the Minneapolis regional office of NorthMarq Capital, the largest privately held commercial real estate mortgage banking firm in the U.S.,  in the role of vice president. Finn will be responsible for structuring debt and equity capital for all types of commercial and multifamily real estate transactions in the Midwest region and throughout the U.S.

Finn arrives at NorthMarq having been involved in more than $5 billion worth of commercial real estate transactions. His most recent experience involves time spent with several commercial investment and development organizations in the Twin Cities, including Ryan Companies US, Inc., Founders Properties, and most recently, The Excelsior Group. At these organizations, Finn’s roles centered on acquisitions and dispositions, the origination of joint venture debt and equity and asset management.  Finn began his real estate career in New York City, working for several principal investors focusing on acquisitions, development, and finance and asset management.

Finn is a member of NAIOP and a board member of JFCS (Jewish Family and Children’s Service). He was the recipient of the Minneapolis Business Journal’s 40 Under 40 in 2018. Andy has a BA in Finance from Northeastern University in Boston.

“We are anticipating Andy hitting the ground running,” said Dan Trebil, senior vice president/managing director of NorthMarq’s Minneapolis regional office. “With his experience structuring both equity and debt, our clients will benefit from a seasoned CRE professional who can now leverage NorthMarq Capital’s extensive list of capital relationships.”

Show More

NorthMarq Capital arranges financing for Aeon’s acquisition of The Provinces

MINNEAPOLIS (June 22, 2018) – NorthMarq Capital’s Mike Padilla, in collaboration with the company’s Freddie Mac team, arranged the financing of The Provinces, a 118-unit apartment property in Little Canada that will preserve the affordability of the apartment homes. Nonprofit investor Aeon and the NOAH Impact Fund of Greater Minnesota Housing Fund (GMHF) acquired the property from Dominium. The acquisition also received grant funding from the Ramsey County Housing and Redevelopment Authority.

NOAH—naturally occurring affordable housing—has been disappearing as investors acquire older properties and remodel or demolish them, raising rents and forcing existing tenants to leave. Aeon, a nonprofit developer, owner and manager of affordable homes has purchased 1,447 NOAH apartment homes in recent years to preserve their affordability.

“NorthMarq Capital appreciates the opportunity to work with Aeon and Freddie Mac, in preserving affordable housing in our market,” said Padilla, vice president in NorthMarq’s Minneapolis production office.

“We are grateful for the strong relationships we have with our local multifamily housing partners,” said Blake Hopkins, vice president of Housing Development at Aeon.

The purchase is Aeon’s second partnership with GMHF with funding provided by its recently formed NOAH Impact Fund. This is a $25 million equity fund established to preserve NOAH properties in Minnesota.

The Twin Cities is in the middle of an apartment construction boom, but just 10 percent of new units will be available for low-income renters, according to the 2017 report “State of the State’s Housing Report, Twin Cities Region,” released by the Minnesota Housing Partnership (MHP).

The property preserves affordability of 118 apartment homes in Little Canada.

 

Show More

James Hoopes moderates panel at MREJ 2018 Apartment Summit

Minneapolis office senior vice president/senior director James Hoopes moderated a panel titled “Capital’s King: Equity & Debt Solutions for Apartment Investors & Developers” on Friday, January 5 as part of the 2018 Apartment Summit held by the Minnesota Real Estate Journal in Golden Valley, Minnesota.

In front of an audience of more than 500 commercial real estate professionals, Hoopes guided his experienced panel through the following topics:

  • What type of deals are Fannie and Freddie looking to target today?
  • How has underwriting changed?
  • What is the future for the agency lenders?
  • What is the outlook for 2018 and beyond for lenders, buyers, sellers, developers and investors?
  • Who is lending and what are some alternative sources of capital?
  • Which deals are more likely to get done and what are the capital requirements?
  • What changes should we expect in underwriting criteria and how can we get deals done?
  • What types of governmental programs are available and how do I access them?

The panel featured the following industry experts:

  • Moderator: James Hoopes, senior vice president/senior director – NorthMarq Capital
  • Michael Bisanz, vice president – Dougherty Mortgage
  • Matthew Brodsky, vice president – Freddie Mac
  • Jeffrey Ketron, director – Fannie Mae
  • Mark Vannelli, principal – Bellwether Enterprises
  • Patty Gnetz, senior vice president – US Bank

 

Conf pic 4 - lightened_web croptConf pic 2 - lightened_web cropt

 

Show More

Local Office Overview

Click image to download PDF

Click image to download PDF

Download this two-page flyer to learn more about the Minneapolis office.

Show More

Patrick S. Minea featured in National Real Estate Investor’s Outlook: 2018

Patrick S. Minea, executive vice president/regional managing director, recently authored an article titled “Forward Commitments: Transaction in a Rising Interest Rate Environment that was featured in the Outlook: 2018 section of National Real Estate Investor. In the article, Minea notes how the uncertainty surrounding where interest rates are headed can significantly affect borrowers in the commercial real estate industry. In the last 90 days, the 10-year treasury has wavered between 2.05 percent and 2.45 percent. Closing a loan that is 40 basis points higher than when the application was signed erodes a borrower’s expected cash flow and ROI and may change the “out-of-pocket” capital required to close the transaction.

Whether borrowers are in the midst of a transaction or looking to refinance an asset in the next 24 months, hedging against the uncertainty has some appeal. Locking in a forward commitment from the lender is one option, but borrowers need to evaluate their risk tolerance and decide if minimizing risk is worth the cost. Real the full story as it appeared in NREI here.

Show More

Patrick Minea, Jeff Erxleben promoted to Executive Vice President/Regional Manager

MINNEAPOLIS (Dec. 12, 2016) – NorthMarq Capital Presidents Jeff Weidell and William Ross announced today two promotions to the company’s executive team. Patrick Minea, managing director-Minneapolis, and Jeffrey Erxleben, managing director-Dallas, were promoted to the new position of Executive Vice President/Regional Manager, becoming permanent members of the company’s Executive Committee.

Both Patrick and Jeffrey will retain their local production roles but will add more oversight of NorthMarq Capital’s regional offices, primarily in achieving hiring, development, and production goals. Both will join the company’s Executive Committee, which includes Presidents Weidell and Ross; Jay Donaldson, president-Fannie Mae and FHA Platforms; Travis Krueger, chief financial officer; Mike Myers, chief operations officer; and Eduardo Padilla, chief executive officer.

“Both Jeff and Pat have excelled in diversified production experience, working with multiple capital providers, and uphold the NorthMarq values of quality, fairness and teamwork,” said Weidell.

“We are pleased to have such strong leaders to add to the Executive Team as we position our company for continued success,” said Ross.

Pat has been in real estate finance since 1987 and joined NorthMarq Capital in 1992. He is a proven producer who is highly experienced in all areas of debt and equity finance, and has been a Managing Director of the Minneapolis Office since 2000. He is a member of the Minnesota Multi-Housing, Minnesota Shopping Center Association, ULI and the MBA. He served as Treasurer for the NAIOP Minnesota chapter and on the NAIOP Board for three years. He obtained his undergraduate degree from Saint John’s University.

Jeffrey is responsible for managing NorthMarq’s Dallas office and for originating debt and equity transactions throughout the United States. He currently serves on NorthMarq’s DUS/FHA Advisory Board, Freddie Mac’s Seller Servicer Advisory Board and has served on NorthMarq’s Producer Council. He is also vice-chair for the Mortgage Bankers Association’s (MBA) Originations Council, an active member of within National Multifamily Housing Council (NMHC) and active within the Folsom Institute for Real Estate. He joined NorthMarq in 2002 and obtained his bachelor of arts from Southern Methodist University.

About NorthMarq Capital
NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks and has a long track record of multi-family loan origination through Freddie Mac Program Plus™, the Fannie Mae DUS program and through FHA, resulting in nearly $13 billion in annual production volume and a loan portfolio of more than $47 billion. For more information please visit northmarqcap.wpengine.com.

Show More

NorthMarq Capital’s Rodrigo Lopez appointed 2016 Chairman-Elect of the MBA

MINNEAPOLIS (Jan. 28, 2016) — Rodrigo Lopez, executive chairman of NorthMarq Capital Finance, a subsidiary of NorthMarq Capital, was sworn in as Chairman-Elect of the Mortgage Bankers Association at the MBA’s 102nd Annual Convention & Expo, October 18, 2015 and will officially kick-off the MBA’s Commercial Real Estate Finance conference on Monday, Feb. 1, 2016. The MBA’s last Chairman from a commercial finance company was EJ Burke, Key Bank, who was MBA Chairman from Oct. 2013 – Sept. 2014.

Bill Emerson, CEO of Quicken Loans Inc. is serving as Chairman and J. David Motel, president of Colonial Savings FA as Vice-Chair.

Previously, Lopez was the founder, president and CEO of AmeriSphere Multifamily Finance in 2000. AmeriSphere originated $800 million of multifamily loans for the Fannie Mae DUS program and $125 million of FHA loans in 2014, and was acquired by NorthMarq Capital in 2015. NorthMarq Capital Finance has offices in Washington DC, Dallas, Denver and Omaha. He’ll become Chair of the MBA in October 2016, serving through October 2017.

“We are excited and proud to have one of our own lead the prestigious Mortgage Bankers Association,” said Ed Padilla, CEO of NorthMarq Capital. “Being named as Chairman-Elect is a well-deserved honor and reflects the extensive effort made by Rodrigo on behalf of all members of the MBA over his career. He will undoubtedly perform as an exceptional Chairman and elevate the MBA to even higher levels of notoriety, engagement, credibility and success.”

Lopez is an immediate past chairman of the MBA Commercial/Multifamily Board of Governors and served on the Association’s Board of Directors since 2009, along with a previous stint on the board from 2003-2004. He received MBA’s Distinguished Member Award in 2010, the Burton C. Wood Legislative Service Award in 2002 and the MBA Master Faculty Award in 2000. He also obtained MBA’s Certified Mortgage Banker designation.

About NorthMarq Capital
NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks and has a long track record of multi-family loan origination through Freddie Mac Program Plus™, the Fannie Mae DUS program and through FHA, resulting in nearly $13 billion in annual production volume and a loan portfolio of more than $47 billion. For more information please visit northmarqcap.wpengine.com.

About the Mortgage Bankers Association (MBA)
The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, REITs, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA’s Web site: www.mba.org

Show More

James Hoopes moderates equity and debt panel at Real Estate Journal’s Apartment Summit

jhoopes

James Hoopes

MINNEAPOLIS (January 8, 2016) James Hoopes, senior vice president of NorthMarq Capital’s Minneapolis regional office moderated a panel at the Real Estate Journal’s Apartment Summit titled Capital’s King: Equity & Debt Solutions for Apartment Investors & Developers. The event took place at the Golden Valley Country Club in Golden Valley, Minnesota on Friday, January 8.

Hoopes and the panelists addressed what types of deals Fannie Mae and Freddie Mac are targeting; how has underwriting changed; what is the future for the agency lenders; what is the 2016 outlook for lenders, buyers, sellers, developers and investors; who is lending; what changes should we expect to the underwriting criteria and what types of governmental programs are available and how are they accessed.

Show More

Dan Trebil featured in National Real Estate Investor

Dan Trebil

Borrowers Push for More Interest-Only Loans

A resurgence of interest-only loans is a bit reminiscent of the frothy lending market that existed pre-recession. But while the rise in interest-only loans is another sign that lenders are relaxing their tight grip, underwriting on commercial real estate loans remains markedly more prudent than compared to 2006 and early 2007.

Today’s interest-only (IO) loans are still a far cry from the deals available at the previous peak of the market, when borrowers could secure 10-year IO on loans with an 80 percent loan-to-value (LTV) ratio.

“It is not as aggressive as it was, but there is some interest-only financing that is readily available,” says Dan Trebil, senior vice president and managing director with debt and equity provider NorthMarq Capital in Minneapolis. Borrowers are typically only finding IO between one to five years at the most on full-leverage loans that are at 75 percent LTV rather than the 80 percent leverage that was attainable in the past cycle, Trebil notes. Read the complete story here.

Show More

NorthMarq Capital completes acquisition of AmeriSphere Multifamily Finance

MINNEAPOLIS (April 2, 2015) NorthMarq Capital has completed its acquisition of the remaining outstanding interest in AmeriSphere Multifamily Finance, a Fannie Mae DUS and FHA MAP lender from its founding partner Rodrigo Lopez and the investment firm McCarthy Capital (Fulcrum). NorthMarq Capital, which previously owned a 40-percent stake in AmeriSphere, will now operate it as a wholly-owned subsidiary, NorthMarq Capital Finance. Terms of the acquisition were not disclosed.

NorthMarq originates multifamily loans for Fannie Mae under their DUS program and for FHA, including all underwriting, closing and asset management functions through its 35 regional offices. “This acquisition strengthens our multifamily platform and leverages our existing production platform throughout the U.S.,” said Eduardo “Ed” Padilla, CEO-NorthMarq Capital and NorthMarq Capital Finance. “Robust Fannie Mae and HUD offerings are a great complement to our Freddie Mac platform and create the best options for our borrower clients.”

Jay Donaldson, has been appointed president of the NorthMarq Capital Finance group; Scott Suttle continues as executive vice president and national production director. Both will join NorthMarq Capital’s Executive Leadership Team and report to Padilla.

The existing former AmeriSphere offices in Omaha, Washington DC, Dallas, and Denver will continue to support the 35 regional offices in underwriting, closing, servicing, and asset management of DUS and FHA loans.

About NorthMarq Capital
NorthMarq Capital, the largest privately held commercial real estate mortgage banking firm in the U.S., provides debt, equity and commercial loan servicing through its 35 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks and has a long track record of multi-family loan origination through Freddie Mac Program Plus™, the Fannie Mae DUS program and through FHA, resulting in more than $13 billion in annual production volume and a loan portfolio of more than $45 billion. For more information, please visit northmarqcap.wpengine.com.

Show More

NorthMarq Capital to acquire AmeriSphere Multifamily Finance

MINNEAPOLIS (February 3, 2015) NorthMarq Capital has signed a purchase agreement to acquire 60 percent of AmeriSphere Multifamily Finance, a Fannie Mae DUS and FHA MAP lender from founding partner Rodrigo Lopez and the investment firm McCarthy Capital. NorthMarq Capital previously owned a 40-percent stake in AmeriSphere, but will now operate it as a wholly-owned subsidiary. The acquisition is expected to close in 30-60 days pending agency and regulatory approvals. AmeriSphere will be then known as NorthMarq. Terms of the acquisition will not be disclosed.

NorthMarq will continue to operate as an originator of multifamily loans for Fannie Mae under their DUS program and for FHA, including all underwriting, closing and asset management functions. No employee reductions or changes are anticipated except at the CEO/president level. The acquisition will allow for enhanced integration of operational support with NorthMarq and its platform of 35 production offices across the country.

“Since we already had a strong partnership with AmeriSphere, this opportunity can only strengthen our platform and make our production experts more valuable to borrowers looking for multifamily acquisition financing or refinancing,” said Eduardo “Ed” Padilla, CEO-NorthMarq Capital.

Lopez will remain with the firm following acquisition as executive chairman. Jay Donaldson, who has been serving as AmeriSphere’s chief operating officer, will become president and Scott Suttle will remain in the role of executive vice president and national production director. Both will report to Padilla.

“NorthMarq’s acquisition is the logical culmination of a very successful decade-long relationship. Because of NorthMarq’s outstanding loan producers and excellent borrower clients, the AmeriSphere team will continue growing the best performing portfolio in our industry,” said Lopez.

NorthMarq will continue operations out of AmeriSphere’s existing regional offices in Washington DC, Dallas, Denver and Omaha.

About AmeriSphere Multifamily Finance
AmeriSphere, which was founded in 2000, originated $800 million of multifamily loans for the Fannie Mae DUS program and $125 million of FHA loans in 2014. With more than 50 employees in Washington DC, Dallas, Denver and Omaha, the company services a portfolio of DUS and FHA loans totaling $5.5 billion (550 loans).

About NorthMarq Capital
NorthMarq Capital provides commercial real estate mortgage banking and commercial loan servicing in 35 offices coast-to-coast. With more than $13 billion in annual production volume and servicing a loan portfolio of more than $45 billion, the company offers a variety of finance solutions in both debt and equity. The company has a long track record of multifamily financing with Fannie Mae and Freddie Mac. In addition, NorthMarq has long loan production and loan servicing relationships with more than 50 life companies, many CMBS platforms and hundreds of local, regional and national banks. For more information, please visit northmarqcap.wpengine.com.

About McCarthy Capital
McCarthy, headquartered in Omaha, is focused exclusively on lower middle-market companies. For more than 25 years, the McCarthy organization has been partnering with founders, families and exceptional management teams to support the growth of their companies. For more information about McCarthy, please visit www.mccarthycapital.com.

Show More

NorthMarq Capital Promotes Dan Trebil to Managing Director of Minneapolis Office

MINNEAPOLIS (June 16, 2014) – Dan Trebil has been promoted to managing director in NorthMarq Capital’s Minneapolis office. In his new position, Trebil will manage borrowing relationships and oversee the delivery of debt and equity financing solutions for commercial real estate transactions. His clients will benefit from his 13 years of experience as a producer at NorthMarq.

Prior to joining NorthMarq in 2002, Trebil worked in investment sales at Fuller and Company, a Denver-based commercial real estate brokerage. He also spent several years playing professional hockey for Anaheim, Pittsburgh and St. Louis of the National Hockey League.

In his community, he served on the conservation commission for the City of Eden Prairie and is currently on the board of directors of Riverton Community Housing, a local, non-profit housing developer. Trebil earned his bachelor of science degree from the University of Minnesota and is a member of NAIOP, MSCA and the Minnesota Multi-Family Housing Association.

“With Dan’s promotion to managing director within our Minneapolis office, we are looking forward to his continued success at NorthMarq Capital,” said Patrick Minea, Minneapolis’ senior vice president/managing director. “I look forward to working with Dan in his new role and we are excited to continue to grow the Minneapolis production office.”

About NorthMarq Capital
NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides mortgage banking and commercial loan servicing in 34 offices coast to coast. With more than $10 billion in annual production volume and servicing a loan portfolio of more than $42 billion, the company offers expertise to borrowers of all size. The company has a long track record of multi-family financing as a Freddie Mac Program Plus™ Seller-Servicer, and through its affiliation with Fannie Mae DUS lender AmeriSphere Multifamily Finance. In addition, NorthMarq has long loan production and loan servicing relationships with more than 50 life companies, many CMBS platforms and hundreds of local, regional and national banks. For more information, please visit northmarqcap.wpengine.com.

Show More

NorthMarq Capital Promotes Jon Miller to Vice President of its Minneapolis Office

MINNEAPOLIS (April 9, 2014) – Jon Miller has been promoted to vice president of production in NorthMarq Capital’s Minneapolis office. In his new position, Miller will focus on cultivating new borrowing relationships and delivering debt and equity financing solutions for commercial real estate transactions. His clients will benefit from expertise gained throughout his more than 10-year career in real estate capital markets and banking.

Joining NorthMarq in 2011, Miller served two years as senior portfolio advisor to the loan servicing platform where he handled complex credit events and other mortgage banking initiatives. Prior to NorthMarq, Miller spent seven years in New York City working in CRE mortgage banking; including five years on the CMBS capital markets desk at Morgan Stanley. He started his career at a real estate development and management firm based in Monterey, Calif.

Miller graduated from the University of Wisconsin-Madison with a finance and real estate degree, holds the Chartered Realty Investor (CRI) designation and is a licensed real estate salesperson in Minnesota.

“The Minneapolis office looks forward to Jon utilizing his contacts and expertise to help expand our network of clients and lending sources,” said senior vice president and managing director Pat Minea. “We are excited about adding a quality professional like Jon to our team.”

About NorthMarq Capital
NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides mortgage banking and commercial loan servicing in 34 offices coast to coast. With more than $10 billion in annual production volume and servicing a loan portfolio of more than $42 billion, the company offers expertise to borrowers of all size. The company has a long track record of multi-family financing as a Freddie Mac Program Plus™ Seller-Servicer, and through its affiliation with Fannie Mae DUS lender AmeriSphere Multifamily Finance. In addition, NorthMarq has long loan production and loan servicing relationships with more than 50 life companies, many CMBS platforms and hundreds of local, regional and national banks. For more information, please visit northmarqcap.wpengine.com.

Show More
Load more news