NorthMarq Capital’s Minneapolis office arranges acquisition financing of $3.528 million for Bear Creek Apartments in Rochester, Minnesota

Bear Creek Apts
MINNEAPOLIS (August 25, 2016) – Michael Padilla, vice president of NorthMarq Capital’s Minneapolis-based regional office arranged acquisition financing of $3.528 million for Bear Creek Apartments, a 72-unit multifamily property located at 1405, 1455 and 1505 Marion Road SE, in Rochester, Minnesota. The transaction was structured with a 10-year term and 25-year amortization schedule following a two-year interest only period. NorthMarq arranged financing for the borrower through its relationship with a local bank.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit:

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