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NorthMarq Capital’s Richmond office secures permanent financing of $2.75 million for government office building

RICHMOND (October 26, 2017) Keith Wells, senior vice president/managing director of NorthMarq Capital’s Richmond regional office, arranged permanent financing of $2.75 million for an 18,813 sq. ft. government owned office building. The terms of the non-recourse financing were a fixed-rate, 5-year term on a 25-year amortization schedule.

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.