NorthMarq Capital arranges $65 million permanent loan for 1001 Connecticut Avenue NW and 1701 K Street NW in Washington, D.C.
1001 Connecticut Avenue NW & 1701 K Street NW
WASHINGTON, D.C. (April 13, 2015) – Gary McGlynn, senior vice president/co-managing director, Kenneth Gentzel, senior vice president/co-managing director and Jason Smith, senior vice president of NorthMarq Capital’s Washington, D.C. office arranged $65 million in permanent financing for 1001 Connecticut Avenue NW, a 12-story/155,060 sq.ft. class “B” multi-tenant office building, and 1701 K Street NW, a 12-story/64,655 sq.ft. class “B” multi-tenant office building in Washington, D.C. The transaction was structured with long term interest-only financing. Tenancy among both buildings consists of a mix of law firms, professional associations, institutions, national and local government agencies, national and local retailers, non-profits, medical practitioners and other varied business organizations.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
