Northmarq arranges acquisition financing of $7.3 million for Second Street Business Center in Minneapolis, Minnesota
Second Street Business Center
MINNEAPOLIS, MINNESOTA (August 26, 2021) – Andy Finn, vice president of Northmarq’s Minneapolis office secured acquisition financing of $7.3 million for Second Street Business Center. The 152,189 sq. ft. industrial-flex property, built in 1981, is located at 2800 North 2nd Street in Minneapolis, Minnesota. The bridge loan was structured with a 3-year interest-only term. NorthMarq arranged financing for the borrower through its relationship with a credit union.
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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.
