NorthMarq Capital’s Cincinnati office arranges $13.5 million refinance of Charleston Pines in Florence, Kentucky
Charleston Pines
CINCINNATI (June 16, 2015) – Susan Branscome, managing director of NorthMarq Capital’s Cincinnati office finalized the $13.5 million refinance of Charleston Pines, a 243-unit multifamily property located at 1700 Charleston Court in Florence, Kentucky. The transaction was structured with a 10-year term and 30-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.
