NorthMarq Capital finalizes $4.61 million refinance of Clifton Quarters Student Housing Portfolio in Cincinnati, Ohio
Clifton Quarters
CINCINNATI (February 23, 2018) – Noah Juran, vice president of NorthMarq Capital’s Cincinnati regional office, negotiated the $4.61 million refinance of Clifton Quarters Student Housing Portfolio, a portfolio of 17 student housing properties containing a combined 56-units located near the University of Cincinnati. The transaction was structured with a 5-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “The borrower’s investment goals provided for very specific needs for the refinance of this 17-property student housing portfolio,” said Juran. “We engaged one of our local bank relationship lenders who fulfilled the borrower’s loan request including multiple years of interest-only loan payments followed by a 25-year amortization schedule.”
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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.
