Office - Debt

NorthMarq Capital

NorthMarq Capital’s Minneapolis office secures $10.7 million in acquisition financing for Williston Business Center in Minnetonka, Minnesota

MINNEAPOLIS (January 5, 2015) – Patrick S. Minea, senior vice president/managing director and Dan Trebil, senior vice president/managing director of NorthMarq Capital’s Minneapolis based regional office arranged $10.7 million in acquisition financing for the Williston Business Center, a 354,730 sq.ft. of multiple office properties in Minnetonka, Minnesota. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

“This acquisition financing provides significant structure and flexibility, which will allow the borrower to efficiently execute their business plan for this well-located property,” 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 over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.