NorthMarq Capital’s Noah Juran arranges $1.95 million refinance of Day Heights Meadows Apartments in Milford, Ohio
CINCINNATI (April 24, 2017) – Noah D. Juran, vice president of NorthMarq Capital’s Cincinnati regional office, secured the $1.95 million refinance of Day Heights Meadows Apartments, a 72-unit multifamily property located at 14 Meadows Drive in Milford, Ohio. The transaction was structured with a fully amortizing 20-year term. NorthMarq arranged financing for the borrower through its relationship with a local bank. “Our client had an upcoming loan maturity and was seeking a long-term, fully-amortizing loan with prepayment flexibility,” explained Juran. “We worked through one of our local banking relationships to source the loan that matched the client’s needs. The loan structure featured a 20-year term, 20-year amortization, no prepayment penalty and also included cash-out proceeds.”
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