Northmarq Secures $6.1 Million Refinancing for Retail Portfolio in Metro Cincinnati

by Hayden Spiess

Fairfield, Ohio — Northmarq has secured a $6.1 million loan for the refinancing of a four-building retail portfolio in Fairfield, roughly 25 miles north of Cincinnati. The portfolio, which totals 62,720 square feet across two shopping centers, was 99 percent leased at the time of financing. Built in 1987, Diplomat Village consists of three buildings totaling 50,650 square feet. Kemper Ponds Plaza, built in 2005, totals 12,070 square feet. Noah Juran of Northmarq arranged the fixed-rate, three-year loan with a local bank on behalf of the undisclosed borrower.

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