NorthMarq secures construction financing of $42,557,800 for The Rowan in Eagan, Minnesota
MINNEAPOLIS, MINNESOTA (October 27, 2020) – Dan Trebil, senior vice president/managing director of NorthMarq’s Minneapolis office and John Reed, senior vice president/managing director of NorthMarq’s Omaha office, collaborated to arrange construction financing of $42,557,800 for The Rowan. The 172-unit multifamily property will be located in Eagan, Minnesota. NorthMarq arranged the permanent-fixed loan for the borrower, Commercial Investment Properties, through its in-house FHA/HUD team.
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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.
