$3.27 MILLION LOAN ARRANGED FOR APARTMENTS IN MINNESOTA

NEW BRIGHTON, MN. — NorthMarq Capital’s Minneapolis office has arranged $3.27 million in first mortgage financing for Silver Oaks Court Apartments in New Brighton. The apartment complex offers 96 residential units. The financing carries a 10-year term with a 30-year amortization schedule. NorthMarq arranged the financing through its seller-servicer relationship with Freddie Mac. The borrower was Silver Oaks Court LP.