NORTHMARQ ARRANGES $3 MILLION FOR CANYON LAKE APARTMENTS

by admin January 24, 2012

January 24, 2012

RAPID CITY, S.D. — Patrick Minea of NorthMarq Capital's Minneapolis office has arranged $3 million in first mortgage financing for Canyon Lake Apartments, a 109-unit multifamily property in Rapid City. Minnea arranged the financing through NorthMarq's seller-servicer relationship with Freddie Mac. The 10-year loan has a 30-year amortization schedule.

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