$7.6 MILLION LOAN ARRANGED FOR MINNESOTA MULTIFAMILY PROPERTY
RICHFIELD, MINN. — Daniel Trebil of NorthMarq Capital’s Minneapolis regional office arranged at $7.6 million loan for The Oaks on Pleasant. The 138-unit multifamily property is located in Richfield. Financing was based on a 10-year term with a 30-year amortization schedule. NorthMarq’s affiliate AmeriSphere Multifamily Finance, a Fannie Mae DUS lender, provided the financing.