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Dayton-Area Office Buy Lands Life Company Loan
Susan Branscome, SVP/managing director of NorthMarq’s Cincinnati office, secured acquisition financing of $13,505,000 for The Acropolis at Fairfield Commons. The 201,001-square-foot office property is located at 2611 – 2689 Commons Blvd. in Beavercreek, OH, a suburb of Dayton.
The transaction was arranged with a life insurance company using a 10-year term and 25-year amortization schedule. NorthMarq met the leverage requirements and purchase contract timing by arranging a permanent, fixed interest rate loan for the borrower. Branscome has arranged several office property acquisition financings for the client, who wasn’t identified.
“We were able to find competitive loan terms on this acquisition in the Dayton market, which has unique market dynamics with Wright Patterson Air Force Base,” said Branscome. “The client was delighted with the life insurance company loan terms.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Sale/Acquisition
