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