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Home / Markets / NorthMarq arranges mortgage financing for two Twin Cities apartment complexes
WEDNESDAY, NOVEMBER 19, 2008
by Walter KovacsNorthMarq's Daniel Trebil, vice president and senior director of its Minneapolis regional office, arranged first mortgage financing totaling $5.47 million for two multi-family properties in the Twin Cities. Labor Retreat Apartments, a 77-unit complex in Minneapolis was financed at $3.29 million and the 67-unit Labor Plaza Apartments in St. Paul were financed at $2.183 million. The financing, based on a 10-year term with a 30-year amortization schedule, was arranged through NorthMarq's affiliation with AmeriSphere Multifamily Finance.
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