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NorthMarq Capital’s Richmond office arranges $10,875,000 permanent financing for GSA Government building in Norfolk, Virginia

RICHMOND (July 24, 2017) Keith Wells, senior vice president/managing director of NorthMarq Capital’s Richmond regional office, arranged permanent financing of $10,875,000 for the GSA Government building, a 53,917 sq. ft. office property located in Norfolk, Virginia. The transaction was structured with a fixed rate, five-year term on a 25-year amortization and is pre-payable at par, 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.