Updated Dec 21, 2023
Northmarq Refinances Multifamily Property In Cincinnati, OH For $6.7M
5015 Madison Road, Cincinnati, Ohio 45227, United States
$6,700,000
Units
72
Asset Type
MultiFamily
Closing
Oct 11, 2022
About this deal
AI
The recently closed property transaction in Cincinnati, OH involved a multifamily asset consisting of 72 units. The property is located at 5015-5017 Madison Road, 506-508 Riddle Road & 1732 Sutton Avenue.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $6,700,000
- Loan Type: Refinance
The transaction was facilitated by Northmarq, who served as the broker for this deal.
The multifamily loan at 5015 Madison Road, Cincinnati, Ohio 45227, United States in Cincinnati, Ohio financed for $6.7M in 2022. Reported inventory is 72 units across 72 units. This page is the Cincinnati, Ohio file for the 5015 Madison Road, Cincinnati, Ohio 45227, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Cincinnati sit in the Market section below. Filter that Cincinnati multifamily set by closing date to see what else financed near 5015 Madison Road, Cincinnati, Ohio 45227, United States around 2022. Published consideration for 5015 Madison Road, Cincinnati, Ohio 45227, United States is $6.7M, dated 2022. Cite this Northmarq Refinances Multifamily Property In Cincinnati, OH For $6.7M loan when underwriting similar multifamily product around Cincinnati, Ohio.
Players
Cincinnati MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93