Multifamily i Ohio

NorthMarq closes $5 million refinance of key Cincinnati apartment tower

NorthMarq closes $5 million refinance of key Cincinnati tower,ph01

Noah Juran, senior vice president/senior director of NorthMarq’s Cincinnati-based regional office, arranged the $5 million refinance of Lytle Tower, a 115-unit multifamily property at 405 Broadway St. in Cincinnati.

The transaction was structured with a 20-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

Lytle Tower offers a location in Downtown Cincinnati along with fully renovated urban studios, one-bedroom apartments and one-bedroom penthouses. Residents at Lytle Tower enjoy quick access to shopping, dining, and entertainment, including Great American Ballpark, The Banks Entertainment District, The Aronoff Center for the Arts and Taft Theatre.

Amenities include a completely renovated resident lounge, skyline and river view units, fitness center, on-site restaurant, in-unit laundry and maid service.