Northmarq’s Cincinnati office completes $4.5 million in financing for acquisition of Kemper Meadow Office in Cincinnati, Ohio
CINCINNATI, OHIO (February 24, 2022) – Jeff Dietz, senior vice president of Northmarq’s Cincinnati office, secured $4.5 million in acquisition financing for Kemper Meadow Office. The 42,836 sq. ft. property is located at 1280 Kemper Meadows Drive, Cincinnati, Ohio. The permanent-fixed loan was structured with a 5-year term on a 25-year amortization schedule after 12 months of interest only. Northmarq arranged financing for the borrower through its relationship with a local bank.
“In a challenging office lending market, we were able to source a loan to accommodate the construction draw requirements of the client to renovate and reposition the building prior to the tenant taking occupancy,” said Dietz. “The loan facility also provided an attractive fixed rate with flexible prepayment options.”
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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.
