NorthMarq secures construction financing of $42,557,800 for The Rowan in Eagan, Minnesota
The Rowan
MINNEAPOLIS, MINNESOTA (October 27, 2020) – Dan Trebil, senior vice president/managing director of NorthMarq’s Minneapolis office and John Reed, senior vice president/managing director of NorthMarq’s Omaha office, collaborated to arrange construction financing of $42,557,800 for The Rowan. The 172-unit multifamily property will be located in Eagan, Minnesota. NorthMarq arranged the permanent-fixed loan for the borrower, Commercial Investment Properties, through its in-house FHA/HUD team.
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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.
