Multifamily

NorthMarq Capital’s Minneapolis office closes $5.38 million acquisition of Bridgeport Apartments in Fargo, North Dakota

MINNEAPOLIS (September 7, 2017) Patrick Minea, executive vice president of NorthMarq Capital’s Minneapolis regional office, arranged acquisition financing of $5,380,000 for Bridgeport Apartments, a 120-unit multifamily property located in Fargo, North Dakota. NorthMarq arranged financing for the borrower through its relationship with Freddie Mac.

“Sterling REIT is a top tier company and NorthMarq was proud to assist in the financing,” said Minea.

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, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.