August 18, 2014

NorthMarq Capital arranges $3.445 million refinance of Columbia West Apartments in Grand Forks, North Dakota

Columbia West Apts

Debt & Equity

Multi-Tenant

MINNEAPOLIS (August 18, 2014) – Patrick S. Minea, senior vice president/managing director of NorthMarq Capital’s Minneapolis based regional office completed the $3.445 million refinance of Columbia West Apartments, a 70-unit multifamily property located at 2100 29th Street South in Grand Forks, North Dakota. The transaction was structured with a 20-year term and 20-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

Transactions