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.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.