NORTHMARQ ARRANGES $6.6 MILLION LOAN FOR MULTIFAMILY PROPERTY

by admin

PLYMOUTH, MINN. — Minneapolis-based NorthMarq Capital has arranged $6.6 million in first-mortgage financing for Fernbrook Townhomes, a 72-unit multifamily community located in Plymouth. The loan was based on a 10-year term with a 30-year amortization schedule. Michael Padilla of NorthMarq arranged the financing on behalf of the borrower, At Home Apartments, through Freddie Mac.

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