NorthMarq’s Cincinnati office negotiates the $2.5 million refinance of Montclair Apartments in Cincinnati, Ohio
CINCINNATI, OHIO (June 8, 2021) – Noah Juran, senior vice president/managing director of NorthMarq’s Cincinnati office, finalized the $2.5 million refinance of Montclair Apartments. The 64-unit multifamily property is located at 3482 Hazelwood Avenue in Cincinnati, Ohio. The transaction was structured with a 15-year term on a 30-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.
“The borrower took advantage of a low, long-term fixed rate through a repeat correspondent life insurance company lender. The rate was locked at application and closed as outlined,” said Juran.
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