NORTHMARQ SECURES $8M LOAN FOR APT. COMPLEX

MINNETONKA, MINN. — NorthMarq Capital has arranged $8 million in first mortgage financing for the 52-unit Oaks Glen Lake Apartments, located at 14414 Stewart Lane in Minnetonka. The property also contains seven commercial tenant units. The 7-year financing has a 30-year amortization schedule and was arranged by James Hoopes of NorthMarq's Minneapolis office through Freddie Mac.