Industrial - Debt

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

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.


Northmarq is a full-service 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 a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.