NorthMarq’s Cincinnati office completes $4.2 million refinance of Donaldson Road Center I in Erlanger, Kentucky
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.
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.
