Multifamily - Debt

NorthMarq Capital

Patrick Minea arranges $3.6 million refinancing for Bayview Apartments located in Fargo, North Dakota

MINNEAPOLS (October 31, 2013) – Patrick S. Minea, senior vice president and managing director of NorthMarq’s Minneapolis based regional office, secured refinancing of $3.6 million for Bayview Apartments, a 100-unit multi-family conventional market rate asset located at 1810, 1830, 1850 and 1870 42nd Street SW, Fargo, ND. The transaction was structured with a 20-year loan. Financing for the borrower was arranged by NorthMarq through its relationship with a correspondent life company.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit