NorthMarq Capital’s Minneapolis office closes $5.38 million acquisition of Bridgeport Apartments in Fargo, North Dakota

Bridgeport Apts
6eedd12f-b280-43eb-884b-d8217a7be0d1.jpg

MINNEAPOLIS (September 7, 2017) Patrick Minea, executive vice president of NorthMarq Capital’s Minneapolis regional office, arranged acquisition financing of $5,380,000 for Bridgeport Apartments, a 120-unit multifamily property located in Fargo, North Dakota. NorthMarq arranged financing for the borrower through its relationship with Freddie Mac. “Sterling REIT is a top tier company and NorthMarq was proud to assist in the financing,” said Minea.

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.

Image
NM Web Icon News Black

Stay on top of industry research