NorthMarq Capital’s Cincinnati office arranges $2.7 million refinance of Cedargate Apartments in Bowling Green, Kentucky
CINCINNATI (November 2, 2016) – Susan Branscome, senior vice president/managing director of NorthMarq Capital’s Cincinnati-based regional office arranged the $2.7 million refinance of Cedargate Apartments, a 118-unit multifamily property located at 2701 North Mill Avenue in Bowling Green, Kentucky. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
