NorthMarq’s Washington, D.C. office arranges $13.1 million permanent financing for multifamily property in Dayton, Ohio
Dayton Multifamily
WASHINGTON, D.C. (November 29, 2016) – Jason Smith, senior vice president of NorthMarq’s Washington, D.C.-based regional office, secured permanent financing of $13.1 million for a 156-unit multifamily property centrally located in downtown Dayton’s Historic District. The transaction was structured with a 7-year term with 4 years of interest only on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with Fannie Mae.
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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.
