Multifamily

NorthMarq Capital completes $15 million refinance of Rivergate Apartments in Minneapolis, Minnesota

MINNEAPOLIS (November 6, 2017) – Dan Trebil, senior vice president/managing director of NorthMarq Capital’s Minneapolis regional office, negotiated the $15 million refinance of Rivergate Apartments, a 269-unit multifamily property located in Minneapolis, Minnesota. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

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.