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Berkadia Arranges $33.2M Refinancing for US Bank Centre in Cleveland

CLEVELAND — Berkadia has arranged a $33.2 million loan for the refinancing of US Bank Centre, a 15-story office property in Cleveland’s Theater District. Located at 1350 Euclid Ave., the building features 255,072 square feet of leasable space and a parking garage. Mark Vogel and Dan Geuther of Berkadia arranged the loan on behalf of the borrower, The Wolstein Group. Bank of America Merrill Lynch provided the 10-year, fixed-rate loan, which features a 67 percent loan-to-value ratio and two years of interest-only payments.

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