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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.