NorthMarq Capital arranges acquisition financing of $4,687,500 for Clifton Quarters Portfolio in Cincinnati, Ohio

CINCINNATI (November 22, 2016) – Noah Juran, vice president of NorthMarq Capital’s Cincinnati-based regional office, arranged acquisition financing of $4,687,500 for the Clifton Quarters Portfolio, a 136-bed, 18-property multifamily portfolio located in Cincinnati, Ohio. The transaction was structured with a 3-year term with 1.5-years of interest only followed by a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “The buyer, an out-of-state investor, was seeking a flexible, short-term loan to make improvements and increase cash-flow to this 18-property portfolio located at the University of Cincinnati,” said Juran. “We arranged this loan through one of our strong bank relationships that included an attractive interest rate, a very flexible prepayment structure and 18-months of interest-only payments.”