Manufactured Housing Community - Debt

NorthMarq secures $2.4 million refinance of manufacturing housing community in Ramsey, Minnesota

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. 

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.