NorthMarq Capital’s Cincinnati office arranges $2.5 million acquisition financing for Country Lane Apartments in Lexington, Kentucky
Country Lane Apts
CINCINNATI (February 28, 2018) – Noah Juran, vice president of NorthMarq Capital’s Cincinnati regional office, arranged acquisition financing of $2.5 million for Country Lane Apartments, a 84-unit multifamily property located at 1328-1344 Devonport Drive in Lexington, Kentucky. The non-recourse transaction featured a 75 percent LTC and was structured with a 3-year interest only term. NorthMarq arranged financing for the borrower through a bridge lender.
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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.
