Dan Trebil Of NorthMarq Secures $59.8M Loan For Development Site In Golden Valley MN

The asset involved in this transaction is a development site located at 640 Wisconsin Avenue North in Golden Valley, MN, covering an area of 3.08 acres. This project is being financed for a total of $59.8 million, which includes construction loan financing. The overall project budget is $98.9 million and includes plans for 303 apartment units, with 46 units designated as affordable housing, along with an 18,000 square foot courtyard.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $59,800,000
• Asset Area: 3.08 acres
• Address: 640 Wisconsin Avenue North
• Market: Golden Valley, MN
• Loan Type: Construction
• Loan Amount: $59,800,000
• Landlord: Fabrizio Montermini - Sentinel Management Co.; Monarch Holding Co.
• Broker: Dan Trebil - NorthMarq
• Tax-Increment Financing: $9,000,000 from the city

This transaction involves key individuals and companies, notably Fabrizio Montermini from Sentinel Management Co. and Monarch Holding Co. Furthermore, Dan Trebil represents NorthMarq in securing the financing for this project, highlighting the collaboration between these entities in the development of the apartment project in Golden Valley.