Multifamily
Debt & Equity

NorthMarq Capital’s Cincinnati office arranges financing for two multifamily properties totaling $1.67 million

CINCINNATI (June 21, 2016) – Noah D. Juran, vice president of NorthMarq Capital’s Cincinnati regional office, arranged $1.67 million in financing for the following two multifamily properties in Ohio. Shayler Brook Apartments – Refinancing of $900,000 was arranged for Shayler Brook Apartments, a multifamily property located at 1101-1105 Shayler Road, Batavia, Ohio. The transaction was structured with a 25-year term and 25-year amortization schedule and also included a 6-month forward rate lock. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Vendome Apartments – Acquisition financing of $772,800 was secured for Vendome Apartments, a 26-unit multifamily property located at 4225 Vendome Avenue, Cincinnati, Ohio. The transaction was arranged for an out-of-market buyer and structured at 80 percent loan-to-cost with a 10-year term with 1-year interest only followed by a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank.

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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Two Multifamily Properties
Debt
$1,670,000