December 20, 2013

NorthMarq Capital arranges $4.7 million refinancing of Pebble Creek Apartments located in Bismarck, North Dakota

Pebble Creek Apts

Debt & Equity

Multi-Tenant

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.

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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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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