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.