Northmarq arranges $3 million refinancing for Crosby Cardiovascular Center in Baxter, Minnesota

Crosby Cardiovascular Center

MINNEAPOLIS, MINNESOTA (April 15, 2022) – Northmarq’s Minneapolis office, arranged a $3 million refinance for Crosby Cardiovascular Center. The 21,280 sq. ft. medical office property is located in Baxter, Minnesota. The transaction was structured with a 10-year term followed by a 20-year amortization schedule. Northmarq secured the permanent-fixed loan for the borrower through the company’s relationship with a commercial bank. 

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit

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