NorthMarq Capital’s Cincinnati office arranges acquisition financing of $2.25 million for Trask Plaza in Mentor, Ohio
CINCINNATI (October 11, 2018) – Susan Branscome, senior vice president/managing director of NorthMarq Capital’s Cincinnati regional office, secured acquisition financing of $2.25 million for Trask Plaza, a 23,091 sq. ft. retail property located at 9560-9582 Diamond Drive in Mentor, Ohio. The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower, Carnegie Companies, through its correspondent relationship with a life insurance company.
“Susan Branscome and her team secured a perfect financing solution for us—the approval, commitment and closing processes were all very smooth with a great life insurance company lender,” noted Peter Meisel, of Carnegie Companies.
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.
