Industrial - Debt

NorthMarq Capital’s Cincinnati office arranges acquisition financing of $1.425 million for industrial property in Springdale, Ohio

CINCINNATI (September 14, 2015) – Susan Branscome, senior vice president of NorthMarq Capital’s Cincinnati office arranged acquisition financing of $1.425 million for a 32,270 sq.ft. industrial property, leased by POWER Engineers, located at 11733 Chesterdale Road in Springdale, Ohio. The transaction was structured with a 7-year term and 17-year amortization schedule. NorthMarq arranged financing for the borrower, Al. Neyer, LLC, through its correspondent relationship with a life insurance company.

“Susan along with the NorthMarq Capital team and the lender were very responsive in how they structured this transaction to account for the unique aspects associated with financing a 40 year old building with a relatively short term remaining lease,” explained Jessica Cheung of Al. Neyer, LLC.

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.