Multifamily

NorthMarq Capital’s Cincinnati office negotiates $1,664,000 refinance of multifamily in Fairfield, Ohio

CINCINNATI (April 12, 2017) – Noah D. Juran, vice president of NorthMarq Capital’s Cincinnati regional office, secured the $1,664,000 refinance of Southgate Apartments, an 8-property, 78-unit multifamily portfolio located on Southgate and Eastgate Boulevard in Fairfield, Ohio. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local bank.

“The borrower was looking to refinance this 8-property/78-unit portfolio with a long-term, fixed rate loan and tap into the substantial equity in the portfolio for future property acquisitions,” explained Juran. “NorthMarq arranged a loan structure through our relationship with a local lender that met all of the borrower’s objectives.”

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.