Multifamily
Debt & Equity

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 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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Montclair Apts
Permanent Loan - Fixed
$2,500,000