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.
Multifamily -
Debt