NorthMarq Capital’s Denver office arranges $10.3 million in permanent financing for Heritage Village Apartments in Sartell, Minnesota

Heritage Village Apts

Debt & Equity

Multi-Tenant

DENVER (November 4, 2016) – Greg Benjamin, senior vice president and Chris Bailey, investment analyst of NorthMarq Capital’s Denver office collaborated with Pat Minea, managing director and Brandon Geis, investment analyst of the NorthMarq Capital’s Minneapolis office to arrange permanent financing of $10.3 million for Heritage Village Apartments, a multifamily property located at 1531-1535 7th Avenue South in Sartell, Minnesota. Constructed in 2007, the property consists of 138 residential units contained in two, three-story buildings. Each building has a parking garage as well as community, fitness and game rooms. There are also kitchenettes and mail areas. All the units have full appliance packages inclusive of washers/dryers. NorthMarq arranged financing for the borrower, a division of Weidner Apartments Homes, a Seattle-based, privately-held owner of multiple multifamily properties. Ben Katon, vice president of finance and acquisitions and Kevin Colard, director of acquisitions represented Weidner in the transaction.

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About Northmarq

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 $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.