NorthMarq Capital’s Cincinnati office negotiates $1,664,000 refinance of multifamily in Fairfield, Ohio

Southgate Apts
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CINCINNATI (April 12, 2017) – Noah D. Juran, vice president of NorthMarq Capital’s Cincinnati regional office, secured the $1,664,000 refinance of Southgate Apartments, an 8-property, 78-unit multifamily portfolio located on Southgate and Eastgate Boulevard in Fairfield, Ohio. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local bank. “The borrower was looking to refinance this 8-property/78-unit portfolio with a long-term, fixed rate loan and tap into the substantial equity in the portfolio for future property acquisitions,” explained Juran. “NorthMarq arranged a loan structure through our relationship with a local lender that met all of the borrower’s objectives.”

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.

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