Multifamily - Debt

NorthMarq Capital’s Cincinnati office completes $3 million refinance of Ferguson Woods Apartments

CINCINNATI (January 11, 2016) – Susan Branscome, senior vice president/managing director of NorthMarq Capital’s Cincinnati office finalized the $3 million refinance of Ferguson Woods Apartments, a 156-unit multifamily property located at 2890 Four Towers Drive in Cincinnati, Ohio. The transaction was structured with a fully amortizing 20-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

“This refinance of bank debt allowed the borrower to eliminate his recourse, recapture equity placed in the property through the renovation,” said Branscome. “The 20-year fixed rate was very competitive allowing future cash flow to increase over many years to the owner.”

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 more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.