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.
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