NorthMarq Capital’s Minneapolis office closes $21,500,000 refinance of BLN Office Park in Bloomington, Minnesota
MINNEAPOLIS (August 9, 2017) Dan Trebil, senior vice president/ managing director of NorthMarq Capital’s Minneapolis regional office, negotiated refinancing of $21,500,000 for BLN Office Park, a 336,294 sq. ft. office property located in Bloomington, Minnesota. The transaction was structured with a four-year interest-only loan term. NorthMarq arranged financing for the borrower through a debt fund bridge lender.
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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: www.northmarq.com.
