Northmarq’s Minneapolis office arranges a $10 million refinance for Lakeville Woods Apartments in Lakeville, Minnesota
MINNEAPOLIS, MINNESOTA (March 22, 2022) – Michael Padilla, senior vice president – debt & equity in Northmarq’s Minneapolis office, arranged a $10 million refinance for Lakeville Woods Apartments through one of Northmarq’s life insurance correspondent relationships. 10-year term with a 30-year amortization. The 77-unit multifamily property is well located on Kenyon Avenue, Lakeville, Minnesota.
Community amenities include: underground parking, clubroom, 24-hour fitness center, and closed-circuit security monitoring. Apartment amenities include: walk-in closets, cherry cabinets and center islands, in-unit washer and dryer, and nine-foot ceilings.
The property is located across from a large Target anchored retail center, multiple restaurants, Great Oak Shores Conservation Area, Prairie Lake Park, M Health Fairview clinic and several other medical providers
Meet our team
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.
