NorthMarq’s Noah Juran negotiates $2.565 million refinance of Cincinnati Apartment Portfolio
Cincinnati Apartment Portfolio
CINCINNATI, OHIO (August 4, 2020) – Noah Juran, senior vice president/managing director of NorthMarq’s Cincinnati office secured the $2,565,000 refinance of a 47-unit apartment portfolio located in Cincinnati, Ohio. The transaction was structured with a 7-year term on a 25-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with a local bank.
“This was a great loan for the borrower as they locked in a low rate for seven years and pulled out substantial cash which they will use to grow their portfolio,” said Juran.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
