Multifamily - Debt

NorthMarq Capital

NorthMarq Capital arranges $20 million refinancing for Montreal Courts Apartments located in Little Canada, Minnesota

MINNEAPOLS (October 31, 2013) – Patrick S. Minea, senior vice president and managing director of NorthMarq’s Minneapolis based regional office, secured refinancing of $20 million for Montreal Courts Apartments. The conventional market rate apartments consist of a total of 444 units. Financing was arranged for the borrower through NorthMarq’s relationship with Freddie Mac.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.