Multifamily - Debt

NorthMarq Capital

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.”

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.