Multifamily - Debt

NorthMarq Capital arranges $3,820,000 acquisition financing for Glen Royal Apartments in Fort Thomas, Kentucky

CINCINNATI (March 12, 2018) – Noah Juran, vice president of NorthMarq Capital’s Cincinnati regional office, arranged acquisition financing of $3,820,000 for Glen Royal Apartments, a 96-unit multifamily property located at 200 Waterworks Road in Fort Thomas, Kentucky. The transaction was structured with a 5-year term with 1.5-years interest-only followed by a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank.

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 $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.