Retail (MT)
Debt & Equity

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.” 

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.

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Houston Lakes Retail Center
Permanent Loan - Fixed
$3,820,000