Northmarq’s Investment Sales team led by Bobby Schiavone, Adam Klenk and Jordan Arand — in collaboration with its Debt + Equity team led by Noah Juran and Brendan Barker — led the sale and acquisition financing of Jeff on 10th, a 190-unit mid-rise multifamily community at 3500 Ellingsworth Dairy Drive in Jeffersonville, Indiana.
Northmarq represented the seller, a regional multifamily developer, in the transaction. The buyer was S&S Properties Investment.
Northmarq arranged the permanent-fixed financing on behalf of the borrower, S&S Properties Investment, through the firm’s Fannie Mae DUS platform. The transaction was structured on a seven-year term.
Built in 2022, Jeff on 10th offers a mix of studio, one- and two-bedroom units featuring spacious floor plans, premium finishes and private balconies. The community delivers a best-in-class amenity package including a resort-style swimming pool, 24-hour fitness center, outdoor grilling areas, community fire pits, a conference center and a 24-hour pet spa.
Located just north of Louisville, Kentucky on E 10th Street and situated between I-65 & I-265, Jeff on 10th benefits from excellent roadway visibility and provides direct access to Southern Indiana & Louisville’s major employers, premier retailers, entertainment venues, and key economic drivers including River Ridge – a 6,000 acre, 20 million SF campus employing nearly 20,000 people with $3B in Economic Output.
