Retail - Debt

NorthMarq Capital

NorthMarq Capital's Cincinnati office arranges acquisition financing of $3.82 million for Houston Lakes Retail Center in Florence, Kentucky

CINCINNATI (July 6, 2016) – Noah D. Juran, vice president of NorthMarq Capital’s Cincinnati-based regional office, arranged acquisition financing of $3.82 million for Houston Lakes Retail Center, a 50,000 sq. ft. retail property located at 87 Spiral Drive in Florence, Kentucky. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a regional bank. “We were able to secure a 10-year term loan with 80 percent LTC for an out-of-market borrower,” said Juran. “The lender did not require an ongoing replacement reserve which was very important to the borrower. Overall, the loan structure was very competitive and met the borrower’s financing needs and investment objectives.” 

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 $55 billion and the multi-year tenure of our more than 500 people.