Industrial - Debt

NorthMarq Capital’s Minneapolis office arranges acquisition financing of $6 million for Stein Industries Building in Brooklyn Park, Minnesota

MINNEAPOLIS (August 25, 2016) – Patrick S. Minea, senior vice president/managing director of NorthMarq Capital’s Minneapolis-based regional office, arranged acquisition financing of $6 million for Stein Industries Building, a 120,030 sq. ft. industrial property located at 7500 Setzler Parkway North in Brooklyn Park, Minnesota. The transaction was structured with a 20-year term and 20-year amortization. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.

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