Office
Debt & Equity

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. 

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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Corporate Exchange IV
Permanent Loan - Fixed
$4,100,000