Multifamily - Debt

Patrick Minea arranges $3.6 million refinancing for Bayview Apartments located in Fargo, North Dakota

MINNEAPOLS (October 31, 2013) – Patrick S. Minea, senior vice president and managing director of NorthMarq’s Minneapolis based regional office, secured refinancing of $3.6 million for Bayview Apartments, a 100-unit multi-family conventional market rate asset located at 1810, 1830, 1850 and 1870 42nd Street SW, Fargo, ND. The transaction was structured with a 20-year loan. Financing for the borrower was arranged by NorthMarq 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 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.