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.
