NorthMarq Capital's Cincinnati office arranges acquisition financing of $3.45 million for Ravenwood Apartments in Cincinnati, Ohio
CINCINNATI (June 29, 2016) – Noah D. Juran, vice president of NorthMarq Capital’s Cincinnati-based regional office, arranged acquisition financing of $3,453,600 for Ravenwood Apartments, a 192-unit multifamily property located at 2230 Westwood Northern Boulevard in Cincinnati, Ohio. The transaction was structured with a 2-year interest-only term. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “The borrower, who had a unique entity structure and specific closing timeline, sought out NorthMarq Capital's expertise in financing an apartment property acquisition with an out-of-market buyer,” said Juran. “We arranged a very competitive loan, which included an interest-only period, through one of our local relationship lenders whose team was instrumental in getting the deal across the finish line. Ultimately, we exceeded our client's financial goals despite the many moving parts of the transaction.”
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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.
