April 30, 2019
NorthMarq’s Noah Juran recently completed acquisition financing of $4.4 million for Northwest Plaza, a 220,000-square-foot retail property in Dayton, OH. The borrower was not disclosed.
The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with a regional bank.
“Our client, an out-of-state investor, required an 80% loan-to-purchase price on this retail center acquisition,” said Juran, a SVP with NorthMarq’s Cincinnati office. “We leveraged our relationship with a regional bank to provide a very competitive quote that met the borrower’s needs, and closed the deal with the same terms as the loan application.”
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