Northmarq arranges acquisition financing of $7.3 million for Second Street Business Center in Minneapolis, Minnesota
MINNEAPOLIS, MINNESOTA (August 26, 2021) – Andy Finn, vice president of Northmarq’s Minneapolis office secured acquisition financing of $7.3 million for Second Street Business Center. The 152,189 sq. ft. industrial-flex property, built in 1981, is located at 2800 North 2nd Street in Minneapolis, Minnesota. The bridge loan was structured with a 3-year interest-only term. NorthMarq arranged financing for the borrower through its relationship with a credit union.
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