Industrial - Debt

NorthMarq Capital arranges acquisition financing of $4.935 million for Plow & Hearth Vandalia Distribution Center in Vandalia, Ohio

CINCINNATI (May 11, 2016) – Susan Branscome, senior vice president/managing director of NorthMarq Capital’s Cincinnati-based regional office arranged acquisition financing of $4.935 million for Plow & Hearth Vandalia Distribution Center, a 192,910 sq. ft. industrial property located at 6400 Sand Lake Drive in Vandalia, Ohio. The transaction was structured with a 10-year term and 20-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a commercial bank. Plow & Hearth represents the property’s major tenant.

“We were able to close this 1031 tax-free exchange purchase by meeting all of the deadlines with a commercial bank,” said Branscome.

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 $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.