NorthMarq’s Minneapolis office arranges $18 million refinance of Willows on France in Bloomington, Minnesota

Willows on France
Debt & Equity
Multi-Tenant
Multifamily
Permanent Loan - Fixed
Fannie Mae
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MINNEAPOLIS, MINNESOTA (January 8, 2019) – Michael Padilla, vice president of NorthMarq’s Minneapolis regional office, secured the $18 million refinance of Willows on France, a 240-unit multifamily property located at 8848 Goodrich Road in Bloomington, Minnesota. The permanent-fixed loan was structured with a 10-year interest only term. NorthMarq arranged the refinance of an existing loan for the borrower through its in-house Fannie Mae team.

Property/community amenities include: garages, hardwood floors, laundry facilities, on-site management, outdoor pool, easy access to I-494 and 35W, close proximity to Normandale College, nearby parks, new renovations, air conditioning, ceiling fans, cable/satellite ready, carpeting/wood laminate flooring, dishwasher, high speed internet, extra storage, clubhouse, fitness center, controlled access and grilling areas. 

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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.
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