Multifamily
Debt & Equity

NorthMarq Capital arranges $24.64 million in acquisition financing via Freddie Mac for Cincinnati Apartments

CINCINNATI (March 2, 2017) – Susan Branscome, senior vice president/managing director of NorthMarq Capital’s Cincinnati-based regional office, arranged acquisition financing of $24.64 million for a 250-unit multifamily property located in Cincinnati, Ohio. The transaction was structured with a 10-year term with 5-years of interest only followed by a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac. “This was a purchase of a Cincinnati multifamily property and a 70 percent loan-to-purchase price request,” said Branscome. “We were able to leverage our excellent relationship with Freddie Mac and obtain a reduced interest rate based upon green initiative through energy savings and five years of interest only. We locked the index and closed the loan in 45 days.”

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 and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

99730a01-2705-436b-a252-5f45c4c86ebe
Cincinnati Apts
Debt
$24,640,000