August 21, 2013

NorthMarq's Minneapolis office arranged $4 million mortgage for Ballantrae Apartments in Eagan, Minnesota

Ballantrae Apts

Debt & Equity

Multi-Tenant

MINNEAPOLIS (August 21, 2013) – Daniel Trebil and Patrick S. Minea of NorthMarq’s Minneapolis-based regional office, arranged first mortgage refinancing of $4 million for Ballantrae Apartments, a 204-unit, market-rate multifamily property located at 3800 Ballantrae Road in Eagan, Minnesota. Financing was based on a 10-year term and a 10-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a correspondent life company lender.

Available Multifamily properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.