NorthMarq’s Cincinnati office secures $4.3 million refinance of South Pioneer Industrial in Springboro, Ohio

South Pioneer Industrial

CINCINNATI, OHIO (March 27, 2019) – Senior Vice President/Senior Director of NorthMarq’s Cincinnati-based regional office Noah Juran negotiated the $4.3 million refinance of South Pioneer Industrial, a 131,000 sq. ft. industrial property located at 405 South Pioneer Boulevard in Springboro, Ohio. The transaction was structured with a 5-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local bank.  

“This was a challenging deal as we were working with a Canadian-based borrower on this single-tenant property,” said Juran. “The owner purchased the property only a year prior yet wanted to extract a substantial amount of equity. We worked very closely with a local relationship lender who got comfortable with a corporate guarantee structure and the cash-out requirement.” 

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:

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