Northmarq’s Minneapolis office arranges $3.4M refinancing for an affordable housing multifamily property
MINNEAPOLIS (May 12, 2026) — Michael Padilla and Logan McCarthy of Northmarq’s Minneapolis Debt + Equity team secured the $3.4M refinancing of Greenway Heights located in Minneapolis, MN. Built in 2015, the affordable housing multifamily property features 42 units and benefits from the low-income housing tax credit.
Northmarq arranged the permanent fixed rate financing on behalf of the borrower through the firm’s commercial bank relationship.
Meet our team
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $80 billion and has completed $91.3 billion in transactions over the past fours years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
