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.”