Medical Office - Debt

Northmarq’s Cincinnati office closes the $3.9 million refinance of KedPlasma in Lincoln, Nebraska

CINCINNATI, OHIO (April 13, 2022) – Christina Grimme, vice president in Northmarq’s Cincinnati office, closes the $3,900,000 refinance of KedPlasma – Lincoln, Nebraska, an 11,100 sq. ft. medical property located at 733 N 45th Street in Lincoln, Nebraska. The loan was structured on a 5-year term amortizing over 20 years and was arranged through Northmarq’s relationship with a life company. KedPlasma represents the property’s major tenant.

“This proved to be a challenging assignment due to the specialized nature of the single-tenant building; however, we ultimately succeeded in meeting the Borrower’s request for a 5-year term loan with limited recourse and flexible prepayment at a competitive rate,” said Grimme.

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.