NorthMarq secures construction financing of $42,557,800 for The Rowan in Eagan, Minnesota
MINNEAPOLIS, MINNESOTA (October 27, 2020) – Dan Trebil, senior vice president/managing director of NorthMarq’s Minneapolis office and John Reed, senior vice president/managing director of NorthMarq’s Omaha office, collaborated to arrange construction financing of $42,557,800 for The Rowan. The 172-unit multifamily property will be located in Eagan, Minnesota. NorthMarq arranged the permanent-fixed loan for the borrower, Commercial Investment Properties, through its in-house FHA/HUD team.
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