NorthMarq Capital’s Cincinnati office completes $3.233 million refinance of 144 unit apartment property
Cincinnati Apts
CINCINNATI (October 12, 2015) – Noah Juran, vice president of NorthMarq Capital’s Cincinnati regional office secured the $3.233 million refinance of a 144 unit multifamily property located in Cincinnati, Ohio. The transaction, a non-recourse bridge loan with a very competitive rate, was structured with a 2-year, interest only term and featured a substantial cash-out to the borrower. “This deal came with several challenges,” noted Juran. “We worked closely with the lender to get them comfortable with the transaction which ultimately resulted in a quick, smooth closing that satisfied all parties involved.”
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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.
