April 24, 2013

NorthMarq Capital arranged $3.064 million mortgage for Sunwood Estates in Fargo, North Dakota

Sunwood Estates

Debt & Equity

Multi-Tenant

MINNEAPOLIS (April 24, 2013) – Patrick S. Minea, senior vice president/managing director of NorthMarq’s Minneapolis-based regional office, arranged first mortgage refinancing of $3.064 million for Sunwood Estates, an 81-unit, market-rate multifamily property located at 4701-4801 17th Street in Fargo, North Dakota. Financing was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its affiliate AmeriSphere Multifamily Finance, LLC, a Fannie Mae DUS Lender.

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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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