Retail (MT)
Debt & Equity

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. 

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.

77805b5a-a271-4550-a025-bd0741ef489d.jpg
Diplomat Retail Portfolio
Permanent Loan - Fixed
$4,735,000