NorthMarq Capital arranges acquisition financing for student housing property in Cincinnati, Ohio
Student Housing Property
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.”
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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.
