Multifamily - Debt

NorthMarq Capital arranges two loans totaling $18.1 million for two properties in Kentucky

CINCINNATI (April 13, 2015) – Susan Branscome, managing director of NorthMarq Capital’s Cincinnati based regional office arranged the refinancing of two properties in Hebron and Wilder, Kentucky totaling a combined $18.1 million.

Aspen Pines Apartments: This 245-unit class “A” multifamily property, located at 1700 Aspen Pines Drive in Wilder, Kentucky was refinanced at $16.8 million. The transaction featured an excellent interest rate. NorthMarq arranged financing for the borrower, through its relationship with PPM.

“PPM and this borrower have a longstanding relationship and PPM offered excellent loan terms to the borrower,” noted Branscome.

Shoppes at Worldwide Park: This 13,174 sq.ft. unanchored retail property, located at 2010 N. Bend Road in Hebron, Kentucky was refinanced at $1.3 million. NorthMarq arranged financing for the borrower through its correspondent relationship with Symetra.

“Symetra does a great job of seeing the value in unanchored retail,” said Branscome.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.