Industrial
Debt & Equity

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.

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.

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POWER Engineers
Debt
$1,425,000