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 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.
