NORTHMARQ SECURES $11M LOAN FOR SHOPPING CENTER IN EDEN PRAIRIE, MINN.

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EDEN PRAIRIE, MINN. — NorthMarq Capital has arranged an $11 million loan for an undisclosed borrower to refinance Prairieview Shopping Center, a 114,646-square-foot retail property in Eden Prairie, approximately 17 miles southwest of Minneapolis. Patrick Minea of NorthMarq Capital’s Minneapolis office structured the loan with a 25-year term and 25-year amortization schedule. NorthMarq arranged financing through its correspondent relationship with Thrivent Financial.

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