Student Housing
Debt & Equity

NorthMarq Capital finalizes $4.61 million refinance of Clifton Quarters Student Housing Portfolio in Cincinnati, Ohio

CINCINNATI (February 23, 2018) – Noah Juran, vice president of NorthMarq Capital’s Cincinnati regional office, negotiated the $4.61 million refinance of Clifton Quarters Student Housing Portfolio, a portfolio of 17 student housing properties containing a combined 56-units located near the University of Cincinnati. The transaction was structured with a 5-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “The borrower’s investment goals provided for very specific needs for the refinance of this 17-property student housing portfolio,” said Juran. “We engaged one of our local bank relationship lenders who fulfilled the borrower’s loan request including multiple years of interest-only loan payments followed by a 25-year amortization schedule.”

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.

Clifton Quarters
Debt
$4,610,000