Multifamily

NorthMarq Capital’s Cincinnati office completes cash-out refinance of single-family rental portfolio in Columbus, Ohio

CINCINNATI (October 29, 2015) – Noah Juran, vice president of NorthMarq Capital’s Cincinnati based regional office negotiated the cash-out refinance of a portfolio of single-family rentals in Columbus, Ohio, with a combined 15-units. The transaction, featuring an 80 percent LTV was arranged with a 10-year fixed-rate term and 20-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 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.