Multifamily - Debt

NorthMarq’s Cincinnati office negotiates the $2.5 million refinance of Montclair Apartments in Cincinnati, Ohio

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. 

 

 

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.