NorthMarq Capital’s Minneapolis office arranges $8,114,000 acquisition of Affordable Housing Portfolio throughout Minnesota and Wisconsin
Affordable Housing Portfolio
MINNEAPOLIS (August 9, 2017) Dan Trebil, senior vice president/ managing director of NorthMarq Capital’s Minneapolis regional office, negotiated acquisition financing of $8,114,000 for a six-building, 223 total unit multifamily housing portfolio, located in multiple tertiary markets throughout Minnesota and Wisconsin. The transaction was structured with a 10-year term on a 30-year amortization schedule, with two years interest-only. NorthMarq arranged financing for the borrower through its relationship with Freddie Mac. “Despite these being smaller deals in tertiary markets, Freddie Mac, through their affordable group, was able to provide very aggressive acquisition financing,” said Trebil.
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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.
