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MinnesotaCRE

NorthMarq provides $33 million in refinance funds for pair of multi-family projects in Minneapolis region

Staff Writer April 4, 2017
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Patrick Minea, senior vice president/managing director of NorthMarq Capital’s Minneapolis-based office, recently arranged refinancing of a combined $33 million for two multi-family properties in Minneapolis and Roseville, Minn.

ElseWarehouse Apartments is a mixed-use building with 116 apartment units and five commercial spaces in Minneapolis. NorthMarq arranged the $21 million financing for the borrower through its seller-servicer relationship with Freddie Mac.

Cherrywood Pointe is an 80-unit senior housing property in Roseville. NorthMarq arranged the $12 million financing through its seller-servicer relationship with Freddie Mac.

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