NorthMarq Capital’s Minneapolis office arranges $8,114,000 acquisition of Affordable Housing Portfolio throughout Minnesota and Wisconsin
Affordable Housing Portfolio
MINNEAPOLIS (August 9, 2017) Dan Trebil, senior vice president/ managing director of NorthMarq Capital’s Minneapolis regional office, negotiated acquisition financing of $8,114,000 for a six-building, 223 total unit multifamily housing portfolio, located in multiple tertiary markets throughout Minnesota and Wisconsin. The transaction was structured with a 10-year term on a 30-year amortization schedule, with two years interest-only. NorthMarq arranged financing for the borrower through its relationship with Freddie Mac. “Despite these being smaller deals in tertiary markets, Freddie Mac, through their affordable group, was able to provide very aggressive acquisition financing,” said Trebil.
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