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.”

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 $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.