Multifamily
Debt & Equity

NorthMarq's Minneapolis office arranged $2.65 million mortgage for Diamond Lake Apartments in Richfield, Minnesota

MINNEAPOLIS (January 2, 2013) – Daniel Trebil, senior director, of NorthMarq’s Minneapolis-based regional office, arranged first mortgage refinancing of $2.65 million for Diamond Lake Apartments, a 150-unit market-rate multifamily property located in Richfield, Minnesota. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its seller-servicer relationship with Freddie Mac.

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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Diamond Lake Apts
Debt
$2,650,000