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

Northwood Village Apts
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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.”

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.