NorthMarq Capital arranged $2 million mortgage for office/warehouse property in Brooklyn Park, Minnesota
Xylon Court
MINNEAPOLIS (February 6, 2013) – Patrick S. Minea, senior vice president/managing director of NorthMarq’s Minneapolis-based regional office, arranged first mortgage refinancing of $2 million for 8617 Xylon Court, a 52,250 sq. ft. single-tenant industrial property located in Brooklyn Park, Minnesota. The property is fully leased to Diversified Plastics. Financing was based on a 10-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a correspondent life company 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.
