Multifamily
Debt & Equity

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.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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Glen Royal Apts
Permanent Loan - Floating
$3,820,000