Noah Juran, managing director of Northmarq’s Cincinnati debt and equity team, finalized a $6.3 million refinance of Miamisburg Estates. The 13-building/142-unit multifamily property is located at 1504 Almedia Court in Miamisburg, Ohio.
The transaction was structured with a seven-year term and a 30-year amortization schedule. Northmarq secured financing for the borrower through its relationship with an agency lender.
Located in downtown Miamisburg, residents enjoy ample retail/entertainment opportunities nearby. There are three shopping centers within 1.9 miles, as well as a brand-new Kroger store, bank, gym, post office and aquatic center within walking distance. Commuters to downtown Dayton and beyond have I-675 and I-75 nearby to make their commute accessible.
