NorthMarq Capital arranges acquisition financing of $4,687,500 for Clifton Quarters Portfolio in Cincinnati, Ohio
CINCINNATI (November 22, 2016) – Noah Juran, vice president of NorthMarq Capital’s Cincinnati-based regional office, arranged acquisition financing of $4,687,500 for the Clifton Quarters Portfolio, a 136-bed, 18-property multifamily portfolio located in Cincinnati, Ohio. The transaction was structured with a 3-year term with 1.5-years of interest only followed by a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “The buyer, an out-of-state investor, was seeking a flexible, short-term loan to make improvements and increase cash-flow to this 18-property portfolio located at the University of Cincinnati,” said Juran. “We arranged this loan through one of our strong bank relationships that included an attractive interest rate, a very flexible prepayment structure and 18-months of interest-only payments.”
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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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
