Northmarq’s Minneapolis office secures $6.875 million refinance of 154-unit multifamily property in St. Paul, MN

Woodstone Apts
154-unit multifamily property in St. Paul, MN

MINNEAPOLIS (May 7, 2024) — Daniel Trebil, executive vice president and regional managing director of Northmarq’s Minneapolis Debt + Equity team, has successfully arranged the refinance of Woodstone Apartments, a 154-unit multifamily property located at 2335 Stewart Ave. in St. Paul, Minn. Built in 1984, the low-rise property offers one- and two-bedroom apartment homes just minutes from downtown St. Paul.

Northmarq arranged financing on behalf of the borrower, StuartCo, through its correspondent relationship with a life insurance company.

“The loan was timely in that it took advantage of a dip in the Treasury rates to lock at a very aggressive rate, but also preserved flexibility in the event that interest rates fall during the term,” said Trebil.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit

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