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