NorthMarq negotiates $92 million construction-permanent financing for a luxury high-rise apartment building in Silver Spring, Maryland

Luxury High-Rise Apts - Debt
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WASHINGTON, D.C. (April 3, 2020) - NorthMarq's Washington, D.C. office arranged $92 million construction-permanent financing for a luxury 403-unit high-res apartment building with ground level food hall. The property will be located in the heart of the burgeoning Ripley District in Silver Spring, Maryland. The project is located within two blocks of the Silver Spring Metro Station. 

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.