NorthMarq Capital arranged $16.695 million mortgage for Soltva Apartments in Minneapolis
Soltva Apts
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.