NorthMarq’s Cincinnati office completes $1.3 million refinance of Colony House Apartments in Delaware, Ohio
Colony House Apts
CINCINNATI, OHIO (June 25, 2020) – Noah Juran, senior vice president/managing director of NorthMarq’s Cincinnati office, negotiated the $1.3 million refinance of Colony House Apartments. The 49-unit multifamily property is located at 19-21 South Sandusky Street in Delaware, Ohio. The transaction was structured with a 10-year term with 3-years of interest-only payments followed by a 30-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through Freddie Mac’s SBL program.
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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.
