Northmarq’s Minneapolis office arranges a $10 million refinance for Lakeville Woods Apartments in Lakeville, Minnesota
MINNEAPOLIS, MINNESOTA (March 22, 2022) – Michael Padilla, senior vice president – debt & equity in Northmarq’s Minneapolis office, arranged a $10 million refinance for Lakeville Woods Apartments through one of Northmarq’s life insurance correspondent relationships. 10-year term with a 30-year amortization. The 77-unit multifamily property is well located on Kenyon Avenue, Lakeville, Minnesota.
Community amenities include: underground parking, clubroom, 24-hour fitness center, and closed-circuit security monitoring. Apartment amenities include: walk-in closets, cherry cabinets and center islands, in-unit washer and dryer, and nine-foot ceilings.
The property is located across from a large Target anchored retail center, multiple restaurants, Great Oak Shores Conservation Area, Prairie Lake Park, M Health Fairview clinic and several other medical providers
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