Northmarq secures $2.64 million acquisition loan for Trenton Avenue Apartments
Trenton Avenue Apts
CINCINNATI, OHIO (September 21, 2022) – Chase Dawson, vice president in Northmarq's Cincinnati regional office, sources $2,640,000 in financing for the acquisition of Trenton Avenue Apartments. The subject is a 52-unit multifamily property located in Trenton, Ohio within the Cincinnati/Dayton MSA.
The property comprises a combination of several noncontiguous buildings, initially limiting the potential lender options. Dawson capitalized on Northmarq's vast network of lender relationships to secure the loan with a regional bank. The loan boasts 80 percent LTV and a low, long-term fixed rate. It is structured on a 5-year term amortizing over 25-years.
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.
