NorthMarq Capital’s Cincinnati office arranges acquisition financing of $1.51 million for Ramada Cleveland Airport in Fairview Park, Ohio
Ramada Cleveland Airport
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.
Meet our team
About Northmarq
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.
