NorthMarq Capital's Boston office arranged $9 million mortgage for industrial portfolio in Northern Cincinnati Area
Northern Cincinnati Ind Portfolio
BOSTON (August 5, 2013) – James M. Murphy, managing director of NorthMarq’s Boston regional office, arranged first mortgage refinancing of $9 million for a three building industrial portfolio in Northern Cincinnati, Ohio. The properties are located at 12072 Best Place in Sharonville, 9449 Glades Drive and 4434 Mulhauser Road in Hamilton. The buildings contain a total of 421,300 sq. ft. of industrial space. Financing was based on a 5-year term and a 25-year amortization schedule. NorthMarq arranged this financing for the borrower, High Street Equity, through its relationship with a correspondent life company lender. “This financing is a full leveraged and has a flexible prepayment structure and allowable partial releases,” Murphy said. “This is another example of High Street’s ownership of quality real estate being attractive to the lender.”
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.
