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. 

 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $57 billion and the multi-year tenure of our more than 500 people.