DEAL OF THE DAY: NorthMarq Arranges $7.6M Mortgage via AmeriSphere Affiliate
June 11, 2010
Richfield, Minn.--NorthMarq Capital's Minneapolis regional office arranged first mortgage financing of $7.6 million for The Oaks on Pleasant.
Richfield, Minn.–Daniel Trebil, senior vice president and senior director of NorthMarq Capital’s Minneapolis Regional office, arranged first mortgage financing of $7.6 million for The Oaks on Pleasant, a 138-unit multifamily property located in Richfield, Minn.
Financing was based on a 10-year term with a 30-year amortization schedule and arranged for the borrower by NorthMarq through its affiliate AmeriSphere Multifamily Finance LLC, a Fannie Mae DUS Lender.