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