TUESDAY, SEPTEMBER 23, 2008

NorthMarq Capital arranges $2.55 million mortgage

by Midwest Real Estate News Reports
North Dakota

NorthMarq Capital, Inc.'s Minneapolis Regional office has arranged first mortgage financing of $2.55 million for Rosegate Apartments located in Fargo, North Dakota.

Financing for the 90-unit multifamily property was arranged for the borrower, INREIT Properties, LLLP, through NorthMarq's seller-servicer relationship with Freddie Mac. Patrick Minea, senior vice president and managing director of NorthMarq, handled the transaction.

NorthMarq Capital, Inc., a national real estate investment banker headquartered in Minneapolis with 29 regional offices coast-to-coast, provides commercial real estate debt and equity financing and commercial loan servicing.

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