Multifamily - Debt

NorthMarq's Minneapolis office arranged $4 million mortgage for Ballantrae Apartments in Eagan, Minnesota

MINNEAPOLIS (August 21, 2013) – Daniel Trebil and Patrick S. Minea of NorthMarq’s Minneapolis-based regional office, arranged first mortgage refinancing of $4 million for Ballantrae Apartments, a 204-unit, market-rate multifamily property located at 3800 Ballantrae Road in Eagan, Minnesota. Financing was based on a 10-year term and a 10-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a correspondent life company lender.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.