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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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