Patrick Minea arranges $35 million refinance for Flux Apartments in Minneapolis, Minnesota
Flux Apts
MINNEAPOLIS (June 25, 2014) – Patrick Minea, senior vice president/managing director of NorthMarq Capital’s Minneapolis based regional office arranged the $35 million refinance of Flux Apartments, a 216-unit multifamily property located at 2838 Fremont Avenue South, Minneapolis, Minnesota. NorthMarq arranged financing for the borrower, AFL-CIO Building Investment Trust (BIT) through its correspondent relationship with Allianz Life Insurance Company of North America. “Northmarq is proud to have worked with BIT and Allianz Real Estate on behalf of Allianz Life on the financing of this Class “A” Apartment in the Uptown area of Minneapolis. The original development by BIT/Greco was visionary and in a class of its own, this community will be a great investment for years to come,” said Minea.
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