NorthMarq Capital finalizes $4,000,000 refinance of Vogt Warehouse in Cincinnati, Ohio
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 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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
