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.”