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Chicago & Midwest  + Midwest  + Finance  | 
Northmarq's Noah Juran arranged refinancings on two Cincinnati multifamily properties for a repeat client

Northmarq Arranges Refi on Two Cincinnati Apartment Properties

Noah Juran, managing director of Northmarq’s Cincinnati office, closed a combined $6.75 million in refinancings for two deals with a repeat client. The financing was arranged via a correspondent life company lender.  

Totaling 131 units, Madison & Riddle Apartments and Sutton Place Apartments exemplify the current Cincinnati apartment market: well-located and well-managed properties with reasonable rates that maintain full occupancy, Northmarq said. 

For Madison & Riddle Apartments, Juran structured a transaction with a fully amortizing 25-year term. The Sutton Place Apartments transaction was structured with a seven-year term with two years of interest only on a 30-year amortization schedule. 

“The borrower invested into unit renovations and property improvements and was seeking a return of equity from both refinances,” said Juran. “We were as able to source loans that provided the requested cash-out while locking in low, long-term fixed rates in a rising rate environment.” 

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Northmarq's Juran

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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