NorthMarq negotiates $1.1 million refinance of multifamily portfolio in Cincinnati, Ohio
CINCINNATI, OHIO (February 18, 2021) – Noah Juran, senior vice president/managing director of NorthMarq’s Cincinnati office finalized the $1.1 million refinance of an apartment portfolio. The three multifamily properties, consisting of a combined 12 units, are located in the Oakley and Norwood neighborhoods of Cincinnati, Ohio. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with a local bank.
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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.
