Multifamily
Debt & Equity

NorthMarq’s Washington, D.C. office arranges $13.1 million permanent financing for multifamily property in Dayton, Ohio

WASHINGTON, D.C. (November 29, 2016) – Jason Smith, senior vice president of NorthMarq’s Washington, D.C.-based regional office, secured permanent financing of $13.1 million for a 156-unit multifamily property centrally located in downtown Dayton’s Historic District. The transaction was structured with a 7-year term with 4 years of interest only on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Fannie Mae.

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.

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Dayton Multifamily
Debt
$13,100,000