Multifamily - Debt

NorthMarq Capital

NorthMarq completes $17,451,000 refinance of York Place Apartments in Edina, Minnesota

MINNEAPOLIS, MINNESOTA (August 14, 2019) – NorthMarq’s Minneapolis office arranged the $17,451,000 refinance of York Place Apartments, a 114-unit multifamily property located in Edina, Minnesota. The transaction was structured with a 10-year term with 5-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Freddie Mac. 

The transaction was featured in REJournals.com.  

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.