Northmarq Cincinnati closes the $3.175 million refinance of Kemper Commerce Park

Kemper Commerce Park
Debt & Equity
Multi-Tenant
Industrial
Permanent Loan - Fixed
Life Company
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CINCINNATI, OHIO (July 11, 2022) Christina Grimme of Northmarq Cincinnati closes on the $3,175,000 refinance of Kemper Commerce Park. The 145,485 sq. ft., two-building, partially owner-occupied, industrial-flex property is located at 7131 – 7209 East Kemper Road off I-71 in Cincinnati, Ohio. 

The loan is structured on a 10-year term, 20-year amortization, and a competitive interest rate. Grimme worked with the repeat borrower and existing life company lender to source this deal. "The borrower had a prepayment penalty associated with their existing loan, but we were able to reduce their coupon by over 100 basis points and early rate-lock a fixed rate for a 10-year term. The deal terms gave the borrower plenty of incentive to refinance ahead of their maturity date," said Grimme.

 

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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.
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