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.”
Meet our team
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
