NorthMarq Capital's Boston office arranges $5 million acquisition financing of Cincinnati area industrial building
Cincinnati Area Industrial Building
BOSTON (June 30, 2014) – James M. Murphy, Managing Director of NorthMarq Capital’s Boston based regional office secured financing of $5 million for a 240,000 sq.ft. Cincinnati area industrial building located at 4440 Mulhauser Road, West Chester Township, Ohio. The transaction was structured with a 5-year interest only term. NorthMarq arranged the transaction through its relationship with a correspondent life company. “We are pleased to be able to continue our relationship with one of the premiere owners and operators of industrial properties,” said Murphy. “NorthMarq Capital’s national lending platform once again allowed us to help a locally based borrower manage the capital needs of their national real estate portfolio. The lender was able to meet the borrower’s requirements with a very competitive rate, IO for the full term of the loan and a flexible prepayment structure.”
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
