NorthMarq’s Cincinnati office arranges $5.7 million refinance of Wilder Storage in Wilder, Kentucky

Wilder Storage
Debt & Equity
Multi-Tenant
Permanent Loan - Fixed
Life Company
Self-Storage
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CINCINNATI, OHIO (March 20, 2019) – Susan Branscome, senior vice president/managing director of NorthMarq’s Cincinnati-based regional office, secured the $5.7 million refinance of Wilder Storage, a 610-unit self-storage property located at 91-105 Banklick Road in Wilder, Kentucky. The permanent, fixed-rate loan was structured with a 10-year term with 2-years of interest-only, followed by a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. 

“This loan was a uniquely structured life insurance company loan which allowed the borrower to do future construction at the property,” said Branscome. “The interest rate was competitive and the loan was closed based upon the terms in the application.” 

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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.
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