NORTHMARQ ARRANGES TWO MULTIFAMILY LOANS TOTALING $4.76 MILLION

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ST. CLOUD, MINN.; AND TOPEKA, KAN. — Daniel Trebil in the Minneapolis office of NorthMarq Capital has arranged $2.5 million in first mortgage financing for Edgewater Estates Apartments located in St. Cloud. The loan for the 57-unit apartment community was based on a 10-year term plus a 1-year extension period, with a 30-year amortization schedule. Financing was arranged for the borrower through NorthMarq’s seller-servicer relationship with Freddie Mac. Additionally, the company has arranged $2.26 million in first mortgage financing for Bristol Ridge Apartments, a 69-unit community located in Topeka. Brent Blake in the Kansas City office of NorthMarq arranged the loan on behalf of the borrower, Topeka Apartments Co. Financing was based on a 10-year fixed rate term, with a 30-year amortization schedule.

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