Northmarq’s Minneapolis Debt + Equity team, led by Dan Trebil, arranged $50 million in financing for Ardor on the Bluffs, a 235-unit mid-rise multifamily community at 3701 American Blvd. E. in Bloomington, Minnesota.
The complex is located just minutes from MSP International Airport and the Mall of America.
Northmarq arranged the financing on behalf of the borrower through a relationship with a life insurance company. The transaction is structured as a three-year with extensions bridge loan.
Completed in December 2024, Ardor on the Bluffs is a six-story luxury multifamily community offering studio, one- and two-bedroom apartment homes, some featuring in-unit fireplaces, built-in desks, quartz countertops and patios. Community amenities include several lounges, party rooms, a spa, pool, fitness center, underground parking and an incredible view of the river valley.
Situated in Bloomington’s South Loop district, Ardor on the Bluffs provides residents with convenient access to a wide range of employment centers and transportation corridors, including the Minneapolis-St. Paul International Airport, the Mall of America, I-494 and Highway 77. The surrounding area also offers an extensive selection of shopping, dining and entertainment destinations.
The property’s location combines access to major transportation infrastructure with proximity to some of the region’s largest retail, hospitality and employment destinations. These fundamentals continue to support the appeal of high-quality multifamily housing in the Bloomington market.
