NorthMarq Capital’s Minneapolis office negotiates $4.15 million refinance of multifamily property in Rochester, Minnesota
Creekside Apts
MINNEAPOLIS (February 23, 2018) – Michael Padilla, vice president of NorthMarq’s Minneapolis regional office, arranged the $4.15 million refinance of Creekside Apartments, a 72-unit multifamily property located in Rochester, Minnesota. The transaction was structured with a 7-year term with 1-year of interest only followed by a 30-year amortization schedule.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
