NorthMarq negotiates $13.95 million refinance of Broadway Village Apartments in New Hope, Minnesota
MINNEAPOLIS, MINNESOTA (February 8, 2021) – Dan Trebil, senior vice president/managing director of NorthMarq’s Minneapolis office completed the $13.95 million refinance of Broadway Village Apartments. The 252-unit multifamily property is located in New Hope, Minnesota. The transaction was structured with a 15-year term with 7-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its OPTIGO status as a Freddie Mac 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.
