NorthMarq Capital’s Minneapolis office completes refinancing of two multifamily properties for a combined $33 million

ElseWarehouse Apts & Cherrywood Pointe
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MINNEAPOLIS (February 12, 2015) – Patrick S. Minea, senior vice president/managing director of NorthMarq Capital’s Minneapolis based office arranged refinancing of a combined $33 million for two multifamily properties in Minneapolis and Roseville, Minnesota.

ElseWarehouse Apartments: This mixed-use building contains 116 apartment units with five commercial spaces. The property is located at 730 Washington Avenue North in Minneapolis, Minnesota. NorthMarq arranged the $21 million financing for the borrower through its Seller-Servicer relationship with Freddie Mac.

Cherrywood Pointe: This 80 unit senior housing property, located at 2996 Cleveland Avenue North in Roseville, Minnesota received $12 million in refinancing. NorthMarq arranged financing for the borrower through its Seller-Servicer relationship with Freddie Mac.

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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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