NorthMarq Capital finalizes $4,000,000 refinance of Vogt Warehouse in Cincinnati, Ohio

Vogt Warehouse
Debt & Equity
Multi-Tenant
Industrial
Permanent Loan - Fixed
Bank
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CINCINNATI (November 22, 2016) – Noah Juran, vice president of NorthMarq Capital’s Cincinnati-based regional office, arranged the $4,000,000 refinance of Vogt Warehouse, a 237,500 sq. ft. industrial property located at 10600 Evendale Drive in Cincinnati, Ohio. The transaction was structured with a fully amortizing 15-year term. NorthMarq arranged financing for the borrower through its relationship with a local bank. “The borrower wanted to consolidate three loans on three separate buildings into one loan on one building and was seeking a fully amortizing loan at a competitive rate,” said Juran. “We sourced a loan that met all of the borrower’s criteria; the 15-year fully amortizing loan was structured at 71 percent LTV with a 4.25 percent fixed interest rate.”

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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.
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