NORTHMARQ CAPITAL ARRANGES $16.6M LOAN FOR APARTMENTS

MINNEAPOLIS —NorthMarq has arranged $16.6 million in first mortgage refinancing for Soltva Apartments, a 100-unit, multifamily property located at 701 N. 2ndSt. in Minneapolis. The 15-year loan includes a 30-year amortization schedule. Daniel Trebil, senior vice president and senior director of NorthMarq’s Minneapolis regional office, arranged the financing for the borrower through a life insurance company.