Retail (MT)
Debt & Equity

NorthMarq Capital’s Minneapolis office arranges $7,850,000 refinance of a 7-Hi Retail Center in Minnetonka, Minnesota

MINNEAPOLIS (August 9, 2017) Dan Trebil, senior vice president/ managing director of NorthMarq Capital’s Minneapolis regional office, negotiated refinancing of $7,850,000 for 7-Hi Retail Center, a 36,226 sq. ft. retail property located in Minnetonka, Minnesota. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company.

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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7-Hi Retail Center
Permanent Loan - Fixed
$7,850,000