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

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.