NorthMarq Capital’s Cincinnati office arranges $2.5 million acquisition financing for Country Lane Apartments in Lexington, Kentucky
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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