Student Housing - Debt

NorthMarq’s Minneapolis office arranged $2 million construction loan for College Station Apartments in Mankato, Minnesota

MINNEAPOLIS, MINNESOTA (May 13, 2021) – Dan Trebil, senior vice president/managing director of NorthMarq’s Minneapolis-based regional office, secured a $2 million construction loan for College Station Apartments, a 94-unit student housing property located in Mankato, Minnesota. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

Northmarq is an industry-leading 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 an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.