NorthMarq secures $2.4 million refinance of manufacturing housing community in Ramsey, Minnesota
Oak Terrace Estates
MINNEAPOLIS, MINNESOTA (August 26, 2021) – Dan Trebil, senior vice president/managing director of NorthMarq’s Minneapolis office, arranged the $2.4 million refinance of Oak Terrace Estates, a 76-pad manufactured housing community in Ramsey, Minnesota. Proceeds will be utilized for improvements throughout the community. NorthMarq arranged the permanent-fixed loan for the borrower through its in-house Fannie Mae team.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
