Bill Mork, vice president, and Patrick Minea, executive managing director, in NorthMarq’s Minneapolis office arranged the $8 million financing of the Maple Ridge Apartments. The 174-unit multifamily property is located in Omaha, Nebraska.
The transaction was structured with a 15-year term and 30-year amortization. The permanent, fixed-rate, non-recourse loan was funded through one of NorthMarq’s life company correspondents.
