WEDNESDAY, NOVEMBER 19, 2008

NorthMarq arranges mortgage financing for two Twin Cities apartment complexes

by Walter Kovacs
Minneapolis-St. Paul

NorthMarq'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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