Northmarq’s Miami office secures $3.86M refinancing for two multifamily properties in Lima, Ohio
MIAMI (Oct. 18, 2023) — Jaspaul Kapoor, senior vice president of Northmarq's Miami Debt + Equity team arranged the $3.86M Fannie Mae refinancing of Spring Street Townhomes and Rosedale Place Apartments. The two multifamily properties are located at 655 West Spring Street and 218-233 South Rosedale Avenue in Lima, Ohio. The permanent fixed rate loan was structured on a 10-year term with four years interest only followed by a 30-year amortization schedule. Northmarq arranged financing on behalf of the borrower through its in-house Fannie Mae DUS platform.
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