NorthMarq Capital arranges $8.65 million refinance for Park Meadows Apartments in Waite Park, Minnesota

Park Meadows Apts
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MINNEAPOLIS (Feb. 13, 2014) – Patrick S. Minea, senior vice president/managing director of NorthMarq’s Minneapolis-based regional office, secured refinancing of $8,650,000 for Park Meadows Apartments, located at 408 Park Meadows Drive, Waite Park, Minn. Financing for the 360-unit multifamily property was arranged for the borrower through NorthMarq’s seller/servicer 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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