NorthMarq’s Cincinnati office completes $1.3 million refinance of Colony House Apartments in Delaware, Ohio
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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