NorthMarq Capital arranges bridge financing of $21,000,000 for 1720 Eye Street NW, Washington, D.C.
1720 Eye Street NW
WASHINGTON D.C. (April 12, 2018) NorthMarq Capital’s Washington, D.C. regional office arranged bridge financing of approximately $21,000,000 for a 72,688 sq. ft. transit-orientated multi-tenant office property strategically located one block from the Farragut West Metrorail Station along Eye Street NW in the Washington, D.C. Central Business District. NorthMarq sponsored the bridge facility through a correspondent life insurance company. Proceeds will be utilized to renovate and reposition 1720 Eye Street NW into a state of the art multi-tenant office property.
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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.
