NorthMarq Capital arranges acquisition financing of $4.935 million for Plow & Hearth Vandalia Distribution Center in Vandalia, Ohio
Plow & Hearth
CINCINNATI (May 11, 2016) – Susan Branscome, senior vice president/managing director of NorthMarq Capital’s Cincinnati-based regional office arranged acquisition financing of $4.935 million for Plow & Hearth Vandalia Distribution Center, a 192,910 sq. ft. industrial property located at 6400 Sand Lake Drive in Vandalia, Ohio. The transaction was structured with a 10-year term and 20-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a commercial bank. Plow & Hearth represents the property’s major tenant. “We were able to close this 1031 tax-free exchange purchase by meeting all of the deadlines with a commercial bank,” 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.
