NorthMarq’s Cincinnati office completes $4.2 million refinance of Donaldson Road Center I in Erlanger, Kentucky
Donaldson Road Center I
CINCINNATI, OHIO (October 6, 2020) – Susan Branscome, senior vice president/managing director of NorthMarq’s Cincinnati office arranged the $4.2 million refinance of Donaldson Road Center I. The 121,000 sq. ft. industrial property is located at 1360 & 1390 Donaldson Road in Erlanger, Kentucky. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.
"The borrower client was very happy with these life company loan terms. We locked one of the most competitive interest rates we have seen in the last two years. Our lenders love to lend on industrial properties," said Branscome.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
