NorthMarq Capital's Cincinnati office negotiates $1.488 million acquisition of Winburn Park Apartments in Lexington, Kentucky
Winburn Park Apts
CINCINNATI (August 29, 2016) – Noah D. Juran, vice president of NorthMarq Capital’s Cincinnati-based regional office, arranged acquisition financing of $1,488,000 for Winburn Park Apartments, a 73 unit multifamily property located at 1218 Winburn Drive in Lexington, Kentucky. The property was purchased by an out-of-market buyer who will complete a substantial renovation of the property. The transaction was structured with a 5-year term with 1-year interest only and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank.
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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.
