Multifamily - Debt

NorthMarq's Minneapolis office arranged $2.65 million mortgage for Diamond Lake Apartments in Richfield, Minnesota

MINNEAPOLIS (January 2, 2013) – Daniel Trebil, senior director, of NorthMarq’s Minneapolis-based regional office, arranged first mortgage refinancing of $2.65 million for Diamond Lake Apartments, a 150-unit market-rate multifamily property located in Richfield, Minnesota. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its seller-servicer relationship with Freddie Mac.

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.