Senior Housing

NorthMarq Capital arranges $3,305,200 refinance of St. Anne’s Senior Housing located in Minneapolis, Minnesota

MINNEAPOLIS (November 2, 2017) – Michael Padilla, vice president of NorthMarq Capital’s Minneapolis regional office, secured the $3,305,200 refinance of St. Anne’s Senior Housing, a 61-unit senior living facility located in Minneapolis, Minnesota. The transaction was structured with a fully-amortizing 35-year term. NorthMarq arranged financing for the borrower through its FHA platform.

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