NorthMarq’s Cincinnati office arranges acquisition financing of $13,505,000 for The Acropolis at Fairfield Commons in Beavercreek, Ohio
CINCINNATI, OHIO (September 8, 2020) – Susan Branscome, senior vice president/managing director of NorthMarq’s Cincinnati office secured acquisition financing of $13,505,000 for The Acropolis at Fairfield Commons. The 201,001 sq. ft. office property is located at 2611 – 2689 Commons Boulevard in Beavercreek, Ohio. The transaction was arranged with a life insurance company using a 10-year term and 25-year amortization schedule. NorthMarq met the leverage requirements and purchase contract timing by arranging a permanent, fixed interest rate loan for the borrower. Susan Branscome has arranged several office property acquisition financings for this client.
“We were able to find competitive loan terms on this acquisition in the Dayton, Ohio market which has unique market dynamics with Wright Patterson Air Force Base. The client was delighted with the life insurance company loan terms,” said Branscome.
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.
