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. 

 

 

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.

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