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MinnesotaRetail

NorthMarq Capital closes $13 million refinance loan for 20-acre retail site in Minnesota

Staff Writer April 4, 2017
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Robert Bhat, vice president of NorthMarq Capital’s Miami-based regional office, secured a $13 million commitment for the refinancing of Shingle Creek Crossing Phase III, a 20-acre site of eight super pads, five outparcels and a 75,000-square-foot building in Brooklyn, Minn.

The site is located at 1341 Brookdale Center in the Minneapolis suburb of Brooklyn.

NorthMarq arranged financing for the borrower, Gatlin Development, through its relationship with a national bank.

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