REBusinessOnline

NORTHMARQ ARRANGES $7.5 MILLION LOAN FOR INDUSTRIAL PROPERTY

BROOKLYN PARK, MINN. — Minneapolis-based NothMarq Capital has arranged $7.5 million in first-mortgage financing for the 610 Business Park located in Brooklyn Park. Financing for the 78,190-square-foot industrial property was based on a 10-year term, with a 30-year amortization schedule. Patrick Minea of NorthMarq’s Minneapolis office arranged the loan for the borrower, through NorthMarq’s relationship with a pension fund advised by Grosvenor Investment Management US.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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