NorthMarq Capital's Cincinnati office arranges acquisition financing of $5.4 million for Sharon View Corporate Center in Sharonville, Ohio
Sharon View Corporate Center
CINCINNATI (July 11, 2016) – Noah D. Juran, vice president of NorthMarq Capital’s Cincinnati-based regional office, arranged acquisition financing of $5,450,000 for Sharon View Corporate Center, a 160,000 sq. ft. office property located at 11499 Chester Road in Sharonville, Ohio. Juran closed the bridge loan in 35 days to meet the purchase contract deadlines. The transaction was structured at 75 percent loan-to-cost with a three year term with three years of interest only and a fixed interest rate of 5.57 percent. NorthMarq arranged financing for the borrower through its relationship with a national non-bank lender.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
