Multifamily
Debt & Equity

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.

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: www.northmarq.com.

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Thirty43 by the Greene
Debt
$7,882,000