Multifamily
Debt & Equity

NorthMarq Capital’s Minneapolis office negotiates $4.15 million refinance of multifamily property in Rochester, Minnesota

MINNEAPOLIS (February 23, 2018) – Michael Padilla, vice president of NorthMarq’s Minneapolis regional office, arranged the $4.15 million refinance of Creekside Apartments, a 72-unit multifamily property located in Rochester, Minnesota. The transaction was structured with a 7-year term with 1-year of interest only followed by a 30-year amortization schedule.

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.

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Creekside Apts
Permanent Loan - Fixed
$4,150,000