NorthMarq Capital arranges two loans totaling $18.1 million for two properties in Kentucky
Two Properties
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.
About Northmarq
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.
