Retail - Debt

NorthMarq’s Noah Juran arranges acquisition financing of $4.4 million for Northwest Plaza in Dayton, Ohio

CINCINNATI, OHIO (April 24, 2019) – Noah Juran, senior vice president/senior director of NorthMarq’s Cincinnati-based regional office completed acquisition financing of $4.4 million for Northwest Plaza, a 220,000 sq. ft. retail property located at 3295 West Siebenthaler Avenue in Dayton, Ohio. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with a regional bank. 

“Our client, an out-of-state investor, required an 80 percent loan-to-purchase price on this retail center acquisition,” said Juran. “We leveraged our relationship with a regional bank to provide a very competitive quote that met the borrower’s needs and closed the deal with the same terms as the loan application.”

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.