Multifamily - Debt

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. 

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 $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.