Northmarq’s Cincinnati office arranges $2.85 million in acquisition financing for single tenant office property
CINCINNATI (Sep. 8, 2023) — Jeff Dietz, senior vice president of Northmarq’s Cincinnati Debt + Equity team, has secured the $2.85 million acquisition loan for a 42,836-sq.-ft. office space located at 1280 Kemper Meadows Dr. in Cincinnati, Ohio. The single tenant property was built in 1990 and renovated in 2023.
Northmarq arranged financing on behalf of the borrower through its correspondent relationship with a life insurance company. The permanent fixed-rate loan was structured on a 10-year term.
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