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Northmarq Arranges $6M Refi of West Fargo Apartments
Bill Mork, VP in Northmarq’s Minneapolis debt/equity office, secured the $5,800,000 refinancing of The Lights – South. Built in 2020, the 36-unit/six-floor class A multifamily property is located at 3100 Sheyenne St. in West Fargo, ND.
The transaction was structured with a fully amortizing 35-year term. Northmarq negotiated financing for the borrower, EPIC Companies, through its in-house FHA/HUD team.
The property is part of the larger The Lights mixed-use commercial, residential, and active life space that will house 20-plus businesses and nearly 300 units. The location features a City of West Fargo-owned transformable plaza that hosts concerts, outdoor events, dining, shopping, and entertainment.
Other components include a parking garage, apartments and commercial spaces. Current buildings at The Lights include EPIC and ECHO. Future buildings include ENVY, currently in construction, and EDGE, in development.
- ◦Financing


