NorthMarq Capital’s Cincinnati and Denver offices arrange acquisition financing of $7.169 million for Liberty Commons in West Chester, Ohio

CINCINNATI (October 1, 2018) – Noah Juran, senior vice president at NorthMarq Capital’s Cincinnati regional office collaborated with Dale Stewart, vice president at NorthMarq Capital’s Denver regional office, to arrange acquisition financing of $7.169 million for Liberty Commons, a 58,059 sq. ft. mixed use property located at 7302-7340 Yankee Road in West Chester, Ohio. The permanent-fixed loan was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a national bank. 

“The Cincinnati and Denver offices worked very closely on this transaction to source acquisition financing for our client, an out-of-market sponsor based in Denver – this is the second deal the Cincinnati and Denver offices have collaborated on for this client,” noted Juran.  “We sourced a number of very competitive non-recourse, long-term fixed rate quotes and ultimately selected a Correspondent relationship bank lender who locked the rate at application and held the rate for over 90 days. We leveraged NorthMarq’s national footprint to provide a high level of service to both the client and lender with local representation in two cities and ensure the deal closed as outlined in the loan application.”