NorthMarq Capital’s Minneapolis office negotiates $4.15 million refinance of multifamily property in Rochester, Minnesota
MINNEAPOLIS (February 23, 2018) – Michael Padilla, vice president of NorthMarq’s Minneapolis regional office, arranged the $4.15 million refinance of Creekside Apartments, a 72-unit multifamily property located in Rochester, Minnesota. The transaction was structured with a 7-year term with 1-year of interest only followed by a 30-year amortization schedule.
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