NorthMarq’s Cincinnati office completes acquisition financing of $4.1 million for Corporate Exchange IV in Columbus, Ohio

Corporate Exchange IV
Debt & Equity
Multi-Tenant
Office
Permanent Loan - Fixed
Life Company
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CINCINNATI, OHIO (December 7, 2020) – Susan Branscome, senior vice president/managing director of NorthMarq’s Cincinnati office arranged acquisition financing of $4.1 million for Corporate Exchange IV. The 132,000 sq. ft. office property is located at 2800 Corporate Exchange Drive in Columbus, Ohio. The transaction was structured with a fully-amortizing 25-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

“This transaction involved a life insurance company lender which financed the purchase of an Class-B office building in Columbus, Ohio. It was 72 percent loan-to-purchase price with excellent loan terms and the lender met the contract deadlines.  The borrower was very happy with the process and this loan,” said Branscome. 

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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.
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