NorthMarq Arranges $23.7M Construction Loan for Communiy in Cincinnati

CINCINNATI — NorthMarq’s Cincinnati office has arranged $23.7 million of debt and equity for the construction of Airy Hills at North Bend Crossing in Cincinnati.

Upon completion, the community will feature 31 assisted living units, 32 memory care units and 18 rehabilitation units less than a mile from a hospital. The general contractor is The Douglas Company.

This is the third phase of a development started in the early 2000s for the undisclosed developer. Construction is scheduled for completion in late 2020 or early 2021.

Noah Juran of NorthMarq secured the three-year, interest-only loan.