May 19, 2016

NorthMarq Capital’s Cincinnati office arranges acquisition financing of $2,000,000 for Northwood Village Apartments in Sidney, Ohio

Northwood Village Apts

Debt & Equity

Multi-Tenant

CINCINNATI (May 19, 2016) – Noah D. Juran, vice president of NorthMarq Capital’s Cincinnati-based regional office, arranged acquisition financing of $2,000,000 for Northwood Village Apartments, a 72-unit multifamily property located at 2345 Collins Drive in Sidney, Ohio. The transaction, arranged for a buyer with a hard closing date, was structured with a 10-year term and 20-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “The borrower was under pressure to close the loan in a tight timeframe,” said Juran. “We leveraged our relationship with the bank to not only close within the necessary timeframe, but we also arranged an outstanding loan for the borrower with an aggressive long-term fixed interest rate via an interest-rate swap.”

Available Multifamily properties

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.