NorthMarq Capital arranges $4.7 million refinancing of Pebble Creek Apartments located in Bismarck, North Dakota
Pebble Creek Apts
MINNEAPOLS (December 12, 2013) – Patrick S. Minea, senior vice president/managing director of NorthMarq’s Minneapolis-based regional office, secured refinancing of $4.7 million for Pebble Creek Apartments, a multifamily property located in Bismarck, North Dakota. The conventional market rate apartments consist of a total of 70 units. The loan was structured with a 10-year was arranged for the borrower through NorthMarq’s relationship with a correspondent life company.
Meet our team
About Northmarq
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.
