NorthMarq Capital’s Minneapolis office closes $12 million refinance of Red Rock Business Park in Maple Grove, Minnesota
Red Rock Business Park
MINNEAPOLIS (August 8, 2017) Patrick Minea, executive vice president/ regional director of NorthMarq Capital’s Minneapolis regional office, negotiated refinancing of $12,000,000 for Red Rock Business Park, a 319,062 sq. ft. industrial property located in Maple Grove, Minnesota. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. “This transaction was financed on a permanent basis after a successful partnership of HIMCO and United Properties,” said Minea.
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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.
