Northmarq Arranges the Sale and Acquisition Financing of Apartments in Jeffersonville Indiana Multifamily

Northmarq Arranges Sale of 190-Unit Multifamily Property in Jeffersonville, Indiana

JEFFERSONVILLE, IND. — Northmarq has arranged the sale of Jeff on 10th, a 190-unit multifamily property in Jeffersonville, a suburb of Louisville. Bobby Schiavone, Adam Klenk and Jordan Arand of Northmarq represented the seller, a regional multifamily developer. The buyer was S&S Properties Investment. Noah Juran and Brendan Barker of Northmarq arranged permanent fixed-rate financing on behalf of the buyer through the firm’s Fannie Mae DUS platf…

Northmarq Arranges the Sale and Acquisition Financing of Apartments in Jeffersonville Indiana Multifamily

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 — successfully led the sale and acquisition financing of Jeff on 10th, a 190-unit mid-rise multifamily community located at 3500 Ellingsworth Dairy Dr. in Jeffersonville, Indiana. Northmarq […] The post Northmarq Arranges the Sale and Acquisition Financing of Apartments in Jeffe…

Northmarq leads sale and acquisition financing for 190-unit multifamily community in Jeffersonville

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.