NorthMarq Capital’s Cincinnati office arranges acquisition financing of $18.3 million for multifamily property in Cincinnati, Ohio

Multifamily Property
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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.”

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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.