CINCINNATI (April 13, 2015) – Susan Branscome, managing director of NorthMarq Capital’s Cincinnati based regional office arranged the refinancing of two properties in Hebron and Wilder, Kentucky totaling a combined $18.1 million. Aspen Pines Apartments: This 245-unit class “A” multifamily property, located at 1700 Aspen Pines Drive in Wilder, Kentucky was refinanced at $16.8 million. The transaction featured an excellent interest rate. NorthMarq arranged financing for the borrower, through its relationship with PPM. “PPM and this borrower have a longstanding relationship and PPM offered excellent loan terms to the borrower,” noted Branscome. Shoppes at Worldwide Park: This 13,174 sq.ft. unanchored retail property, located at 2010 N. Bend Road in Hebron, Kentucky was refinanced at $1.3 million. NorthMarq arranged financing for the borrower through its correspondent relationship with Symetra. “Symetra does a great job of seeing the value in unanchored retail,” 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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.
