NorthMarq Capital arranges acquisition financing for multifamily property in southern Indiana
Southern Indiana Multifamily
CINCINNATI (January 9, 2017) – Noah D. Juran, vice president of NorthMarq Capital’s Cincinnati-based regional office, arranged acquisition financing for a 101-unit multifamily property located in southern Indiana. NorthMarq arranged financing for the borrower through its relationship with a local bank. “The borrower requested maximum proceeds for this project,” said Juran. “Due to its location in a smaller market, neither Fannie Mae nor Freddie Mac could provide full leverage to meet the borrower’s needs. We leveraged our relationship with a local lender, who understood the property and the market, to arrange a loan that met the client’s needs.”
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.
