NorthMarq’s Cincinnati Office arranges $825,000 refinance of multifamily property in Long Beach, California
CINCINNATI, OHIO (July 30, 2019) – Noah Juran, senior vice president/senior director of NorthMarq’s Cincinnati-based regional office secured the $825,000 refinance of 3826 East 1st Street Apartments, a 10-unit multifamily property located at 3826 East 1st Street in Long Beach, California. The transaction was structured with a fully-amortizing 15-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 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 www.northmarq.com.