Multifamily
Debt & Equity

NorthMarq Capital’s Cincinnati office completes $3.233 million refinance of 144 unit apartment property

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.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

0000000000000000000000000688345
Cincinnati Apts
Debt
$3,233,000