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.