Northmarq’s Miami office secures $3.86M refinancing for two multifamily properties in Lima, Ohio
Spring Street & Rosedale Place
MIAMI (Oct. 18, 2023) — Jaspaul Kapoor, senior vice president of Northmarq's Miami Debt + Equity team arranged the $3.86M Fannie Mae refinancing of Spring Street Townhomes and Rosedale Place Apartments. The two multifamily properties are located at 655 West Spring Street and 218-233 South Rosedale Avenue in Lima, Ohio. The permanent fixed rate loan was structured on a 10-year term with four years interest only followed by a 30-year amortization schedule. Northmarq arranged financing on behalf of the borrower through its in-house Fannie Mae DUS platform.
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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.
