NorthMarq Capital arranges acquisition financing for multifamily property in southern Indiana
Southern Indiana Multifamily
CINCINNATI (January 9, 2017) – Noah D. Juran, vice president of NorthMarq Capital’s Cincinnati-based regional office, arranged acquisition financing for a 101-unit multifamily property located in southern Indiana. NorthMarq arranged financing for the borrower through its relationship with a local bank. “The borrower requested maximum proceeds for this project,” said Juran. “Due to its location in a smaller market, neither Fannie Mae nor Freddie Mac could provide full leverage to meet the borrower’s needs. We leveraged our relationship with a local lender, who understood the property and the market, to arrange a loan that met the client’s needs.”
Meet our team
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.
