Multifamily - Debt

NorthMarq Capital arranged $8.5 million mortgage for Colony Apartment Homes in Richfield, Minnesota

MINNEAPOLIS (April 24, 2013) – Brian Hennen, vice president of NorthMarq’s Minneapolis regional office, arranged first mortgage refinancing of $8.5 million for Colony Apartment Homes, a 212-unit, market-rate multifamily property located at 1740 West 76th Street in Richfield, Minnesota. Financing was based on interest only payments for the entire term of the loan. NorthMarq arranged this financing for the borrower through its seller-servicer relationship with Freddie Mac.

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.