Office - Debt

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

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. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.