NorthMarq Capital’s Minneapolis office arranges acquisition financing of $6 million for Stein Industries Building in Brooklyn Park, Minnesota
Stein Industries Building
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.
Meet our team
About Northmarq
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.
