NorthMarq Capital finalizes $4.61 million refinance of Clifton Quarters Student Housing Portfolio in Cincinnati, Ohio
Clifton Quarters
CINCINNATI (February 23, 2018) – Noah Juran, vice president of NorthMarq Capital’s Cincinnati regional office, negotiated the $4.61 million refinance of Clifton Quarters Student Housing Portfolio, a portfolio of 17 student housing properties containing a combined 56-units located near the University of Cincinnati. The transaction was structured with a 5-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “The borrower’s investment goals provided for very specific needs for the refinance of this 17-property student housing portfolio,” said Juran. “We engaged one of our local bank relationship lenders who fulfilled the borrower’s loan request including multiple years of interest-only loan payments followed by a 25-year amortization schedule.”
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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.
