NorthMarq Capital arranges acquisition financing for student housing property in Cincinnati, Ohio

Student Housing Property
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CINCINNATI (February 23, 2018) – Noah Juran, vice president of NorthMarq Capital’s Cincinnati regional office, arranged acquisition financing for a 12-unit student housing property located at 2700 University Court in Cincinnati, Ohio near the campus of University of Cincinnati. 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 credit union. “We worked with a local credit union to arrange acquisition financing that met the client’s specific needs, including an 80 percent LTV, 10-year fixed-rate and 25-year amortization,” said Juran. “While the buyer was an out-of-state investor, we procured several very competitive loan proposals from local lenders and closed the deal on time and as outlined in the initial loan application.”

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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.