Ludlow, Kentucky, October 3, 2025
News Summary
Northmarq’s Cincinnati Debt + Equity team arranged a $48 million construction loan to finance Cityview Station Apartments, a planned 273‑unit multifamily community in Ludlow, Kentucky. The loan, secured for Acendion Collective in partnership with First Financial Bank and Associated Bank, supports a three- to five-story development with one-, two- and three-bedroom units, private balconies, condo-quality finishes and extensive amenities including a resort-style pool, co-working lounges, fitness center, dog park and roughly 400 on-site parking spaces. Construction is underway and deliveries are expected in line with the development’s leasing timeline.
Northmarq Arranges $48 Million Construction Loan for New 273‑Unit Cityview Station in Ludlow; Acendion Breaks Ground
What happened: A $48 million construction loan was arranged to finance Cityview Station Apartments, a planned 273‑unit multifamily development in Ludlow, Kentucky, part of the Cincinnati metropolitan area. The financing was put together by Northmarq’s Cincinnati Debt + Equity team and secured on behalf of Acendion Collective through a lending collaboration with First Financial Bank and Associated Bank. Groundbreaking and the start of construction were reported in announcements this month, with Northmarq noting construction activity began in September 2025.
Why it matters
The deal represents a major step for Acendion Collective as it launches its multifamily development platform in Northern Kentucky. The project is being positioned to capture demand from renters near downtown Cincinnati while adding higher‑end rental options to a region experiencing population growth and rising home prices.
Who arranged the loan
The financing was led by Northmarq’s Cincinnati Debt + Equity team, with Noah Juran and Brendan Barker taking primary roles and collaboration from Annamarie Bjorklund and Bobby Schiavone. Lenders on the transaction were First Financial Bank and Associated Bank.
Project location and access
Cityview Station sits on a nine‑acre site at the northern edge of a 64‑acre master‑planned community developed by Fischer Homes. The site is approximately four miles from downtown Cincinnati and offers direct access to Interstate 75 and Highway Avenue. The location places residents minutes from Covington, Newport, Over‑the‑Rhine, Fountain Square and the Cincinnati riverfront.
Design, unit mix and amenities
The development will include a mix of one‑, two‑ and three‑bedroom units across three‑, four‑ and five‑story buildings designed to capture views of downtown Cincinnati and the Ohio River. Unit features will include private balconies, river and city views, and high‑end, condo‑like finishes. Building and community amenities will include top‑floor city‑view community space, a resort‑style pool, an expansive exterior courtyard, co‑working lounges and a library, a state‑of‑the‑art fitness center, private garages, individual storage units, a dog park, and a pet washing station. Approximately 400 on‑site parking spaces are planned.
Timeline and leasing
Construction deliveries are slated for the second quarter of 2027. Leasing activity is expected to begin roughly four to six months prior to the first unit deliveries.
Local partners and community reaction
Acendion Collective is part of The Fischer Group and reports the project as bringing new investment and high‑end riverfront living to Northern Kentucky. Local officials and community partners took part in a ceremonial groundbreaking event that included renderings and a symbolic first dig. The Fischer Group leadership framed the development as part of a broader mission to create long‑term community value.
Financing and development commentary
Northmarq described the arrangement as the culmination of a collaborative effort among Acendion Collective, First Financial Bank, Associated Bank and Northmarq. Company representatives highlighted the importance of closing construction financing punctually and noted that the project is intended to add quality rental housing in a market with growing demand.
Related regional multifamily projects
Another sizable multifamily project recently announced in the Cincinnati orbit is a 306‑unit development in Springdale. That project will include garden‑style apartments and townhomes, a mix of high‑end finishes such as quartz countertops and stainless steel appliances, amenity spaces including a resident lounge, pool, fitness center and green space, and a mix of surface and garage parking. Developers of that project say it addresses a need for modern apartment stock in a market where over half of multifamily units were built before 1979.
Local safety and fire response update
In separate local news, Cincinnati fire crews rescued two children, ages 5 and 8, from an apartment fire after forcing open a locked door. Crews contained the fire to its room of origin and transported the children to a children’s hospital with minor injuries. At least 47 firefighters responded, the blaze displaced at least three people, and losses were estimated at about $27,500. Working smoke detectors were present in the affected unit and the cause of the fire remains under investigation.
Additional release details
Public materials associated with the financing noted Northmarq’s wider regional presence and included locations such as Lexington, KY; Loveland, OH; and Dallas, TX in its release footer, along with the release copyright line.
FAQ
What is Cityview Station?
Cityview Station is a planned 273‑unit multifamily community in Ludlow, Kentucky, featuring a mix of one-, two- and three‑bedroom units with high‑end finishes and a variety of resident amenities.
Who is financing the project?
Northmarq arranged a $48 million construction loan on behalf of Acendion Collective, secured through a partnership with First Financial Bank and Associated Bank.
When does construction start and finish?
Construction activity began in September 2025 per financing materials, with building deliveries expected in the second quarter of 2027.
What amenities will the development include?
Amenities will include a resort‑style pool, top‑floor city‑view community space, co‑working lounges and a library, an expansive fitness center, private garages, individual storage units, a dog park and a pet washing station.
How close is Cityview Station to downtown Cincinnati?
The site is roughly four miles from downtown Cincinnati and offers direct access to Interstate 75 and Highway Avenue, placing it minutes from several urban nodes and the riverfront.
Key Project Features: Cityview Station
| Feature | Details |
|---|---|
| Project | Cityview Station Apartments |
| Location | Ludlow, Kentucky — ~4 miles from downtown Cincinnati |
| Site size | 9 acres (within a 64‑acre master plan) |
| Units | 273 units — mix of 1, 2 and 3 bedrooms |
| Financing | $48 million construction loan arranged by Northmarq |
| Lenders | First Financial Bank and Associated Bank |
| Key amenities | Pool, co‑working spaces, top‑floor city‑view community area, fitness center, private garages, storage units, pet washing station, dog park |
| Parking | Approximately 400 on‑site parking spaces |
| Timeline | Construction began Sept 2025; deliveries targeted Q2 2027; leasing begins 4–6 months before delivery |
Deeper Dive: News & Info About This Topic
Additional Resources
- Northmarq: Cityview Station Apartments financing
- Wikipedia: Ludlow, Kentucky
- Lane Report: Acendion Breaks Ground on Cityview Station
- Google Search: Acendion Collective Cityview Station
- Multifamily Dive: Milhaus breaks ground in Springdale
- Google Scholar: Springdale multifamily 306-unit
- WCPO: Firefighters rescue trapped children during apartment fire
- Encyclopedia Britannica: Apartment fire
- Local12: Ludlow KY mudslide and Cityview Station construction
- Google News: Ludlow Kentucky mudslide
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