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.

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:

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