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.