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NorthMarq Capital arranges bridge financing of $21,000,000 for 1720 Eye Street NW, Washington, D.C.

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. 

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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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1720 Eye Street NW
Bridge Loan
$21,000,000