Multifamily - Debt

Noah Juran finalizes $5,510,000 refinance of Royal Cove Apartments in Fort Thomas, Kentucky

CINCINNATI, OHIO (October 7, 2019) – Noah Juran  arranged the $5,510,000 refinance of Royal Cove Apartments, located at 200 Waterworks Road in Fort Thomas, Kentucky (Cincinnati MSA). 

Financing Details:
– 10-year term
– 30-year amortization schedule
– Permanent-fixed loan
– NorthMarq arranged financing for the borrower through its relationship with a regional bank. 

Property Details:
– 96 units
– Apartment amenities include: Air conditioning, dishwasher, balcony, hardwood flooring, cable ready, pet friendly and new/renovated interior. Community amenities include: Credit card payments accepted, on-site maintenance, on-site management and close proximity to Hwy 471.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.