REBusinessOnline

NorthMarq Arranges $2M Refinancing of Multifamily Property in St. Paul, Minnesota

623 Lofts includes 17 units.

ST. PAUL, MINN. — NorthMarq has arranged a $2 million Freddie Mac loan for the refinancing of 623 Lofts in St. Paul. The 17-unit multifamily property is situated near three colleges and nine miles from the Minneapolis-St. Paul International Airport. Michael Padilla of NorthMarq arranged the 10-year loan, which features a 30-year amortization schedule.

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