NorthMarq Capital's Cincinnati office arranges refinancing of $1.39 million for Woodcrest Apartments in Memphis, Tennessee
CINCINNATI (July 18, 2016) – Noah D. Juran, vice president of NorthMarq Capital’s Cincinnati-based regional office, arranged the $1.39 million refinance of Woodcrest Apartments, a 56-unit multifamily property located at 170 North Hollywood Street in Memphis, Tennessee. The transaction was structured with a 20-year term and 20-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a commercial bank. The deal required recapitalization with pending loan maturity.
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