Retail - Debt

NorthMarq arranges acquisition financing of $4.735 million for Diplomat retail portfolio in Cincinnati, Ohio

CINCINNATI, OHIO (February 18, 2021) – Noah Juran, senior vice president/managing director of NorthMarq’s Cincinnati office secured acquisition financing of $4.735 million for Diplomat Retail Portfolio. The six-properties consist of 96,870 sq. ft. and are a located at 6600 Dixie Highway, Fairfield, Ohio; 6560 Dixie Highway, Fairfield, Ohio; 6570 Sosna Drive, Fairfield, Ohio; 6580 Dixie Highway, Fairfield, Ohio; 5130 Camelot Drive, Fairfield, Ohio; 1333 E. Kemper Road, Springdale, Ohio. The transaction was structured with a 10-year term followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local bank.

“This was a great acquisition loan for our client as the lender pool was very limited due to the retail property type and out-of-state buyer. We worked closely with a repeat local lender relationship to source an aggressive loan for our client,” said Juran. 

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 $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.