Hospitality
Debt & Equity

NorthMarq Capital’s Cincinnati office arranges acquisition financing of $1.51 million for Ramada Cleveland Airport in Fairview Park, Ohio

CINCINNATI (March 11, 2016) – Noah Juran, vice president of NorthMarq Capital’s Cincinnati office arranged acquisition financing of $1.51 million for Ramada Cleveland Airport, a 70-unit hospitality property located at 22115 Brookpark Road in Fairview, Ohio. NorthMarq arranged the SBA loan for an out-of-market, first-time buyer at 80 percent LTV and with a fully amortizing 25-year term.

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.

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Ramada Cleveland Airport
Debt
$1,510,000