NORTHMARQ SECURES $7.63M FOR N.D. TOWNHOMES

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GRAND FORKS, N.D. — NorthMarq Capital has secured a $7.63 million loan for Carrington Court Townhomes, a 156-unit multifamily poperty located at 2225 S. 34th St. in Grand Forks. The loan, which was provided by Basis Investment Group – CMBS Platform, carries a 10-year term and a 30-year amortization schedule. David Garfinkel of NorthMarq's St. Louis office arranged the funding on behalf of the undisclosed borrower.

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