Northmarq secures $5.67 million acquisition financing for Johns Hopkins Medical Office Building in Baltimore, Maryland

Johns Hopkins MOB
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SAN DIEGO (March 20, 2022) – Wyatt Campbell, vice president, and Eric Flyckt, managing director, of Northmarq’s San Diego office, secured a $5.67 million acquisition loan for a medical/research office building located in Baltimore, Maryland. The four-story, 31,752 sq. ft., building is 100 percent occupied by Johns Hopkins University. Northmarq arranged the financing for the borrower through its relationship with a CMBS lender. The building is situated within walking distance to Johns Hopkins University Hospital. 

The 10-year loan was structured with full-term interest-only payments at a rate slightly above 4.5 percent. The loan represented a 65 percent loan-to-purchase-price. NorthMarq will service the loan.

 

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.