NorthMarq Capital’s Minneapolis office closes $12 million refinance of Red Rock Business Park in Maple Grove, Minnesota
MINNEAPOLIS (August 8, 2017) Patrick Minea, executive vice president/ regional director of NorthMarq Capital’s Minneapolis regional office, negotiated refinancing of $12,000,000 for Red Rock Business Park, a 319,062 sq. ft. industrial property located in Maple Grove, Minnesota. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. “This transaction was financed on a permanent basis after a successful partnership of HIMCO and United Properties,” said Minea.
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