Northmarq secures $8.31 million acquisition loan for Courtyard Villas apartments in Orlando, FL
Courtyard Villas
CINCINNATI (Sep. 14, 2023) — Noah Juran, senior vice president and managing director of Northmarq’s Cincinnati Debt + Equity, has secured $8.31 million in acquisition financing for an 80-unit multifamily property in Orlando, Florida. Courtyard Villas is located at 3764 S. Rio Grande Avenue.
Northmarq arranged financing on behalf of the borrower through Northmarq’s in-house Fannie Mae DUS platform. The permanent fixed-rate loan was structured on a 10-year term.
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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.
