NorthMarq’s Cincinnati office arranges $3.4 million refinance of Eastgate Professional Office Park I & II
CINCINNATI, OHIO (July 24, 2019) – Susan Branscome, senior vice president/managing director of NorthMarq’s Cincinnati office arranged the $3.4 million refinance of Eastgate Professional Office. The 36,000 sq. ft. office property is located at 4358 & 4360 Ferguson Road in Cincinnati, Ohio. The transaction was structured with a 7-year term on a 20-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company.
"This was a unique property which was in lease-up and required tenant finish. Prepayment was flexible. We found the perfect lender for this transaction," said Branscome.
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.
