NorthMarq Capital arranged $3.75 million mortgage for Willow Court and Chateau de France in Bloomington, Minnesota

Willow Court
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MINNEAPOLIS (February 25, 2013) – Brian Hennen, vice president of NorthMarq’s Minneapolis-based regional office, arranged first mortgage refinancing of $3.75 million for Willow Court and Chateau de France located in Bloomington, Minnesota. Willow Court is a 37-unit Market-rate multifamily property that was built in 1965. Chateau de France is an 83-unit market-rate multifamily property that was built in 1970. These properties are located at the intersection of France Avenue and Old Shakopee Road. Financing was based on a 10-year term and a 30 year amortization schedule. NorthMarq arranged this financing for the borrower, Orest Associates, LLC, through its seller-servicer relationship with Freddie Mac.

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. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.