Patrick Minea arranges $8.75 million refinance of Fair Oaks Apartments in Minneapolis, Minnesota

Fair Oaks Apts
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MINNEAPOLIS (Feb. 6, 2014) – Patrick S. Minea, senior vice president/managing director of NorthMarq Capital’s Minneapolis-based regional office, arranged $8.75 million refinancing for Fair Oaks Apartments, located at 2415 Third Avenue South, Minneapolis, Minnesota. Financing for the 224-unit multifamily property arranged for the borrower through NorthMarq’s 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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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