Northmarq’s Minneapolis office secures $6.875 million refinance of 154-unit multifamily property in St. Paul, MN

Woodstone Apts
Debt & Equity
Multifamily
Debt
Life Company
154-unit multifamily property in St. Paul, MN

MINNEAPOLIS (May 7, 2024) — Daniel Trebil, executive vice president and regional managing director of Northmarq’s Minneapolis Debt + Equity team, has successfully arranged the refinance of Woodstone Apartments, a 154-unit multifamily property located at 2335 Stewart Ave. in St. Paul, Minn. Built in 1984, the low-rise property offers one- and two-bedroom apartment homes just minutes from downtown St. Paul.

Northmarq arranged financing on behalf of the borrower, StuartCo, through its correspondent relationship with a life insurance company.

“The loan was timely in that it took advantage of a dip in the Treasury rates to lock at a very aggressive rate, but also preserved flexibility in the event that interest rates fall during the term,” said Trebil.

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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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