Multifamily - Debt

NorthMarq Capital’s Cincinnati office negotiates $7.882 million refinance of 120-unit multifamily property in Kettering, Ohio

CINCINNATI (November 9, 2015) – Susan Branscome, senior vice president of NorthMarq Capital’s Cincinnati office finalized the $7.882 million refinance of Thirty43 by the Greene, a 120-unit multifamily property located at 3043 Fountain Circle in Kettering, Ohio. The transaction was structured with a 10-year term and 30-year amortization schedule.

NorthMarq arranged financing for the borrower, PLK Communities LLC, through its Fannie Mae DUS program. “Susan and her team at NorthMarq were very responsive and they exceeded our expectations,” said Matt Weis, CFO of PLK Communities LLC.

The property was recently the recipient of a multi-million renovation and is within walking distance to The Greene and Kettering Recreation Center, restaurants, shopping and offers quick access to major roadways. Apartment amenities include: dramatic interior staircases in select apartments, efficient appliances, exposed brick interior, exposed wood beam ceilings, hardwood floors, high ceilings and oversized private decks/patios.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.