NorthMarq Capital’s Cincinnati office arranges acquisition financing of $18.3 million for multifamily property in Cincinnati, Ohio
Multifamily Property
CINCINNATI (September 8, 2016) – Susan Branscome, managing director of NorthMarq Capital’s Cincinnati-based regional office arranged acquisition financing of $18.3 million for a 264-unit multifamily property located in Cincinnati, Ohio. The transaction was structured with a 10-year term with 3-years interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through a correspondent relationship with a life insurance company. “We closed the loan on this purchase within a short timeframe through our correspondent relationship with a life insurance company, which offered excellent loan terms,” said Branscome. “The borrower was delighted with the loan and the efficiency of the closing.”
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
