NorthMarq finalizes acquisition financing for Morrison Avenue Apartments in Cincinnati, Ohio
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.
Financing Details:
- 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.
Property Details:
- The property contains 20 units.
- Buyer plans to renovate the property and upgrade all units.
Meet our team
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.
