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 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. For more information, visit www.northmarq.com.
