Multifamily - Debt


NorthMarq’s Noah Juran negotiates $2.565 million refinance of 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. 

 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.