Northmarq secures $4.552 million refinance of 60-unit multifamily property
CINCINNATI (Dec. 20, 2023) — Noah Juran, senior vice president and managing director of Northmarq’s Cincinnati Debt + Equity, and John Duvall, vice president of the Kansas City office, has secured a $4.522 million loan for Robin Hills Apartments. The 60-unit multifamily property was built in 1970 and is located at 200 SW Noel St. in Lees Summit, Missouri.
Northmarq arranged financing on behalf of the borrower through its correspondent relationship with Freddie Mac. The permanent fixed-rate loan was structured on a 5-year term.
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