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NorthMarq Capital’s Richmond office arranged $3.54 million permanent financing of government office building

RICHMOND (October 5, 2017) Keith Wells, senior vice president/managing director of NorthMarq Capital’s Richmond regional office, secured permanent financing of $3.54 million for a 16,036 sq. ft. government owned office building. The transaction was structured with a fixed rate, 5-year term with a 25-year amortization schedule and is non-recourse.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.