November 6, 2013

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

Bayview Apts

Debt & Equity

Multi-Tenant

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.

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.