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OhioRetail

NorthMarq Capital’s Louisville and Cincinnati offices provide acquisition financing for 88,000-square-foot retail property in Kentucky

Staff Writer April 2, 2017
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Randall Waddell, senior vice president of NorthMarq Capital’s Louisville office, and Noah Juran, vice president of NorthMarq Capital’s Cincinnati office, collaborated to arrange acquisition financing of $6.25 million for Brannon Crossing Centre, a 88,000-square-foot retail property on East Brannon Road in Nicholasville, Kentucky.

The transaction was structured with a three-year term with 1.5 years interest-only followed by a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a national bank. Hobby Lobby represents the property’s major tenant.

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