Multifamily - Debt

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.

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.