NorthMarq Capital’s Cincinnati office negotiates $7.882 million refinance of 120-unit multifamily property in Kettering, Ohio
Thirty43 by the Greene
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.
About Northmarq
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.
