NorthMarq Capital arranged $2 million mortgage for office/warehouse property in Brooklyn Park, Minnesota
Xylon Court
MINNEAPOLIS (February 6, 2013) – Patrick S. Minea, senior vice president/managing director of NorthMarq’s Minneapolis-based regional office, arranged first mortgage refinancing of $2 million for 8617 Xylon Court, a 52,250 sq. ft. single-tenant industrial property located in Brooklyn Park, Minnesota. The property is fully leased to Diversified Plastics. Financing was based on a 10-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a correspondent life company lender.
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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.
