NorthMarq’s Cincinnati office negotiates the $2.5 million refinance of Montclair Apartments in Cincinnati, Ohio
Montclair Apts
CINCINNATI, OHIO (June 8, 2021) – Noah Juran, senior vice president/managing director of NorthMarq’s Cincinnati office, finalized the $2.5 million refinance of Montclair Apartments. The 64-unit multifamily property is located at 3482 Hazelwood Avenue in Cincinnati, Ohio. The transaction was structured with a 15-year term on a 30-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.
“The borrower took advantage of a low, long-term fixed rate through a repeat correspondent life insurance company lender. The rate was locked at application and closed as outlined,” said Juran.
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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.
