Retail b N Dakota

Minneapolis office of NorthMarq Capital provides $1.8 million loan for retail property in Fargo

  
Fargo-Express

Michael Padilla, vice president of NorthMarq Capital's Minneapolis-based office, recently secured acquisition financing of $1.84 million for Fargo Express, a 34,226-square-foot retail property in Fargo, N.D.

Michael Padilla, vice president of NorthMarq Capital's Minneapolis-based office, recently secured acquisition financing of $1.84 million for Fargo Express, a 34,226-square-foot retail property in Fargo, N.D.

The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged the financing for the borrower through its relationship with a CMBS lender.