NorthMarq’s Cincinnati office arranges $3.4 million refinance of Eastgate Professional Office Park I & II
Eastgate Professional Office Park I & II
CINCINNATI, OHIO (July 24, 2019) – Susan Branscome, senior vice president/managing director of NorthMarq’s Cincinnati office arranged the $3.4 million refinance of Eastgate Professional Office. The 36,000 sq. ft. office property is located at 4358 & 4360 Ferguson Road in Cincinnati, Ohio. The transaction was structured with a 7-year term on a 20-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.
"This was a unique property which was in lease-up and required tenant finish. Prepayment was flexible. We found the perfect lender for this transaction," 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.
