Multifamily
Debt & Equity

NorthMarq Capital’s Minneapolis office secures $20 million refinance of The Copham Apartments in Minneapolis, Minnesota

MINNEAPOLIS (February 12, 2018) – Patrick S. Minea, executive vice president/regional managing director of NorthMarq Capital’s Minneapolis office, negotiated refinancing of $20 million for The Copham Apartments, a 120-unit mixed-use property located in Minneapolis, Minnesota. The deal was structured by a 30-year loan on a 30-year amortization schedule, with two years interest only. NorthMarq arranged financing for the borrower through its relationship with Lincoln National Life Insurance Company. “The long-term fixed-rate deal was very attractive to the borrower because they plan to hold the asset long term,” said Minea.

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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The Copham Apts
Permanent Loan - Fixed
$20,000,000