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MinnesotaRetail

NorthMarq Capital closes $11 million refinance loan for Minnesota shopping center

Staff Writer April 4, 2017
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Patrick Minea, senior vice president and managing director of NorthMarq Capital’s Minneapolis regional office, recently secured the $11 million refinance of Prairieview Shopping Center, a 114,646-square-foot retail property in Eden Prairie, Minn.

The transaction was structured with a 25-year term and 25-year amortization schedule.

NorthMarq arranged financing for the borrower through its correspondent relationship with Thrivent Financial.

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