Multifamily

NorthMarq Capital’s Minneapolis office arranges $8.05 million refinance of The Pines Apartments in Richfield, Minnesota

MINNEAPOLIS (August 8, 2017) Dan Trebil, senior vice president/ managing director of NorthMarq Capital’s Minneapolis regional office, negotiated refinancing of $8,050,000 for The Pines Apartments, a 82-unit senior housing property located in Richfield, Minnesota. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Freddie Mac.

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.