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Chicago & Midwest  + Midwest  + Finance  | 
Northmarq arranged a $6.3-million loan to acquire Executive Plaza III in Springdale, OH

Northmarq Provides 80% LTV on Cincy Office Loan

Christina Grimme, VP in Northmarq’s Cincinnati regional office, closed a $6,300,000 loan to finance the acquisition of Executive Plaza III, an 89,327-square-foot office building located at 135 Merchant St. In the Cincinnati suburb of Springdale, OH.  

The loan was structured on a 25-year term amortizing over 25 years. Northmarq arranged the financing through its relationship with a local bank.  

“In a challenging office lending market, we were able to meet the client’s needs for high leverage acquisition financing with an 80% LTV loan with future funding for TILCs,” said Grimme. “The lender recognized the client’s existing foothold in the submarket and was able to offer a competitive fixed-rate loan while meeting the client’s close timeline.” 

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Northmarq's Grimme

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Financing
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