NorthMarq Capital arranged $16.695 million mortgage for Soltva Apartments in Minneapolis

Soltva Apts
249b0973-918e-4848-8d4b-01bb82e77f13
MINNEAPOLIS (June 24, 2013) – Daniel Trebil, senior vice president and senior director of NorthMarq’s Minneapolis regional office, arranged first mortgage refinancing of $16.695 million for Soltva Apartments, a 100-unit, market-rate multifamily property located at 701 North 2nd Street in Minneapolis, Minnesota. Financing was based on a 15-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a life company lender.

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.

Image
NM Web Icon News Black

Join the mailing list