NorthMarq Capital’s Minneapolis office arranges $8.05 million refinance of The Pines Apartments in Richfield, Minnesota
MINNEAPOLIS (August 8, 2017) Dan Trebil, senior vice president/ managing director of NorthMarq Capital’s Minneapolis regional office, negotiated refinancing of $8,050,000 for The Pines Apartments, a 82-unit senior housing property located in Richfield, Minnesota. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Freddie Mac.
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