NORTHMARQ ARRANGES $14.2M LOAN TO REFINANCE OHIO APARTMENTS

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NORTH OLMSTED, OHIO —NorthMarq Capital has arranged $14.2 million loan for the first mortgage refinancing of Butternut Ridge Apartments, a 261-unit property at 5800 Great Northern Blvd. in North Olmsted. Sue Blumberg of NorthMarq’s Chicago office arranged the loan through Freddie Mac for the borrower, JVM Butternut Apartments. The 7-year loan has a 30-year amortization schedule.

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