Multifamily
Debt & Equity

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 is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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Montreal Courts Apts
Debt
$20,000,000