NorthMarq’s Minneapolis office arranges acquisition financing $1.6 million for multifamily property
MINNEAPOLIS, MINNESOTA (January 10, 2019) – Michael Padilla, vice president of NorthMarq’s Minneapolis regional office, arranged acquisition financing of $1.6 million for a 17-unit multifamily property located at 1122 Como Avenue SE in Minneapolis, Minnesota. The transaction was structured with 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through Freddie Mac’s Small Balance Program.
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