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.”