May 17, 2017

NorthMarq Capital’s Noah Juran secures $7.25 million refinance of Cincinnati flex property

Flex Property

Debt & Equity

Multi-Tenant

CINCINNATI (May 15, 2017) – Noah D. Juran, vice president of NorthMarq Capital’s Cincinnati regional office, finalized the $7.25 million refinance of Park 42, a 396,000 sq. ft. flex property located at 3600 Park 42 Drive in Cincinnati, Ohio. The transaction was structured with a 10-year term on a 20-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with First Financial Bank. “Our client purchased this property in December 2015 through a foreclosure auction and after adding significant value was looking to refinance with a long-term, fixed rate loan,” said Juran. “We secured a loan through one of our regional banking relationships that fulfilled the client’s goals. The loan included a 10-year fixed interest rate as well as some cash-out proceeds.”

Available Mixed Use properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.