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Eden Prairie, Minn. – The transaction was structured with a 25-year term and 25-year amortization schedule.
NorthMarq Capital arranged $11 million in refinancing for a borrower for the Prairieview Shopping Center in Eden Prairie, Minn.Eden Prairie, Minn. – NorthMarq Capital’s Minneapolis-based office has secured the $11 million refinance of Prairieview Shopping Center, a 114,646-square-foot retail property located in Eden Prairie. The transaction was structured with a 25-year term and 25-year amortization schedule. Patrick Minea, senior vice president and managing director of the regional office, arranged the loan. NorthMarq arranged financing for the borrower through its correspondent relationship with Thrivent Financial.
— Scott Reid