Northmarq arranges $19.2M refinance of 114-unit multifamily property in Minneapolis, MN
The Abbey
MINNEAPOLIS, Mn. — Dan Trebil, managing director of Northmarq’s Minneapolis Debt + Equity team, successfully arranged a $19.2 million refinance for a 114-unit multifamily property located at 47 Spruce Place in Minneapolis, Minnesota. Completed in 2022, the property was financed through Northmarq’s in-house Fannie Mae team. The permanent fixed rate loan features a 7-year term, partial term interest only, followed by a 30-year amortization.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
