February 4, 2013

NorthMarq Capital arranged $5.2 million mortgage for Second Street Lofts in Minneapolis

Second Street Lofts

Debt & Equity

Multi-Tenant

MINNEAPOLIS (February 4, 2013) – Patrick S. Minea, senior vice president/managing director of NorthMarq’s Minneapolis regional office, arranged first mortgage refinancing of $5.2 million for Second Street Lofts located at 129 North 2nd Street in Minneapolis, Minnesota. The property consists of 39 multifamily units and 11,723 sq. ft. of commercial space. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its seller-servicer relationship with Freddie Mac.

Available Multifamily properties

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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.