Multifamily - Debt

NorthMarq Capital

NorthMarq Capital arranges $3,820,000 acquisition financing for Glen Royal Apartments in Fort Thomas, Kentucky

CINCINNATI (March 12, 2018) – Noah Juran, vice president of NorthMarq Capital’s Cincinnati regional office, arranged acquisition financing of $3,820,000 for Glen Royal Apartments, a 96-unit multifamily property located at 200 Waterworks Road in Fort Thomas, Kentucky. The transaction was structured with a 5-year term with 1.5-years interest-only followed by a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.