Mixed Use - Debt

NorthMarq Capital

NorthMarq Capital secures $7.46 million refinance of Montgomery Gateway in Cincinnati, Ohio

CINCINNATI (February 6, 2017) – Noah D. Juran, vice president and Susan Branscome, senior vice president/managing director of NorthMarq Capital’s Cincinnati-based regional office, finalized the $7.46 million refinance of Montgomery Gateway, a 39,560 sq. ft. mixed-use (retail/office) property located at 9366-9386 Montgomery Road in Cincinnati, Ohio. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender.

“The borrower had an upcoming loan maturity and engaged NorthMarq to assist with refinancing the loan. We spoke to several permanent lenders and ultimately sourced and closed the loan with a CMBS lender,” explained Juran. “We worked very closely with the lender to ensure our client’s needs were met, the loan closed on schedule and the lender did not make a single change to the proposed loan terms from application to closing.”

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.