Northmarq secures $8.31 million acquisition loan for Courtyard Villas apartments in Orlando, FL
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.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.