NorthMarq Capital arranged $3.064 million mortgage for Sunwood Estates in Fargo, North Dakota
Sunwood Estates
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
