Cedarst Companies Secures $170M Loan For Minneapolis Multifamily Portfolio

The multifamily property located at 300 6th Avenue North, 608 3rd Street North, and 246 7th Avenue in Minneapolis has been involved in a recent transaction. The property consists of 358 units and is owned by CEDARst Companies, with Will Murphy representing the landlord. The deal was facilitated by brokers Pat Minea and Dan Trebil from Northmarq.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $170,000,000
• Units: 358
• Address: 300 6th Avenue North, 608 3rd Street North, and 246 7th Avenue, Minneapolis
• Market: Minneapolis

The involvement of key individuals and companies in this transaction offers additional insight. Will Murphy, representing CEDARst Companies, played a crucial role as the landlord. Pat Minea and Dan Trebil from Northmarq acted as the brokers responsible for facilitating the deal.