Multifamily - Debt

NorthMarq arranges $1,365,000 refinance of Columbia Park Apartments in Newark, Ohio

CINCINNATI, OHIO (June 25, 2020) – Noah Juran, senior vice president/managing director of NorthMarq’s Cincinnati office, completed the $1,365,000 refinance of Columbia Park Apartments. The 44-unit multifamily property is located at 307-321 & 323-337 North 21st Street and 770 & 776 Columbia Street in Newark, Ohio. The transaction was structured with a 10-year term with 3-years of interest-only, followed by a 30-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through Freddie Mac’s SBL program.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.