NorthMarq Capital’s Noah Juran secures $7.25 million refinance of Cincinnati flex property
Flex Property
CINCINNATI (May 15, 2017) – Noah D. Juran, vice president of NorthMarq Capital’s Cincinnati regional office, finalized the $7.25 million refinance of Park 42, a 396,000 sq. ft. flex property located at 3600 Park 42 Drive in Cincinnati, Ohio. The transaction was structured with a 10-year term on a 20-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with First Financial Bank. “Our client purchased this property in December 2015 through a foreclosure auction and after adding significant value was looking to refinance with a long-term, fixed rate loan,” said Juran. “We secured a loan through one of our regional banking relationships that fulfilled the client’s goals. The loan included a 10-year fixed interest rate as well as some cash-out proceeds.”
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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.
