Multifamily - Debt

Northmarq secures $2.64 million acquisition loan for Trenton Avenue Apartments

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.

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.