NorthMarq Capital's Cincinnati office arranges acquisition financing of $3 million for Eagles Watch Apartments in Cincinnati, Ohio

CINCINNATI (July 8, 2016) – Noah D. Juran, vice president of NorthMarq Capital’s Cincinnati-based regional office, arranged acquisition financing of $3,015,000 million for Eagles Watch Apartments, a 96-unit multifamily property located at 1868-1878 Sunset Avenue in Cincinnati, Ohio. The transaction was structured with a 10-year term with three years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its seller-servicer relationship with Freddie Mac. “This recently-renovated property was a perfect fit for the borrower's investment strategy,” said Juran. “NorthMarq was engaged to secure long-term, fixed-rate, non-recourse debt and close the loan within the contract deadline. We met the client's financing needs and investment criteria with a fully-leveraged 80 percent loan which included a 10-year fixed rate, 30-year amortization and three years of interest only payments.”