Office - Debt

Arranges $15.75 million refinance of BLN Office Park I & II in Bloomington, Minnesota

MINNEAPOLIS (August 19, 2014) – Dan Trebil, senior vice president/managing director of NorthMarq Capital’s Minneapolis based office finalized the $15.75 million refinance of BLN Office Park I & II, a 336,294 sq.ft. property located at 2001 and 2051 Killebrew Drive, Bloomington, Minnesota. The non-recourse bridge loan was arranged by NorthMarq for the borrower through its correspondent relationship with a life insurance company.

“The new financing allows the borrower to continue to take advantage of the property’s desirable location near the Mall of America and the airport,” said Trebil.

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.