Retail

NorthMarq Capital’s Minneapolis office arranges $8.25 million refinance of a plaza center in Highlands Ranch, Colorado

MINNEAPOLIS (September 7, 2017) Patrick Minea, executive vice president of NorthMarq Capital’s Minneapolis regional office, and Steve Bye out of the Denver office negotiated refinancing of $8,250,000 for a 145,303 sq. ft. retail property located in Highlands Ranch, Colorado. NorthMarq arranged financing for the borrower through its relationship with Guardian Life Insurance.

“Guardian and United Properties have a good relationship and have worked well in other real estate financings,” 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.