Retail - Debt

NorthMarq Capital

NorthMarq Capital’s Cincinnati office arranges refinancing of $3 million for D&W Fresh Market in Holland, Michigan

CINCINNATI (July 16, 2018) – Susan Branscome, senior vice president of NorthMarq Capital’s Cincinnati regional office, arranged refinancing of $3,000,000 for D&W Fresh Market, a 62,139 sq. ft. property located at 50 Douglas Avenue in Holland, Michigan. The transaction was structured with a 20-year term on a 20-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a correspondent life company. 

“Susan Branscome and the folks from NorthMarq Capital did a great job securing excellent loan terms with a life insurance company for our purchase of this asset. The loan approval and closing were very smooth and efficient. We appreciate the work Susan and NorthMarq did for us,” said Thomas Bowers, president of Anchor Properties. 

 

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.