CINCINNATI, OHIO (December 4, 2019) – Noah Juran, senior vice president of NorthMarq’s Cincinnati-based regional office arranged acquisition financing for Morrison Avenue Apartments. The multifamily property is located at 3271-3287 Morrison Avenue in Cincinnati, Ohio.
– 5-year term (2-years of interest-only)
– 25-year amortization schedule
– NorthMarq arranged the bridge loan for the borrower through its relationship with a regional bank.
– The property contains 20 units.
– Buyer plans to renovate the property and upgrade all units.