NorthMarq’s Washington, D.C. office arranges permanent financing of $18 million for multifamily property located in Arlington, Virginia

Arlington Multifamily
dac2eeef-4554-44c1-8985-16d400ad24e1.jpg

WASHINGTON, D.C. (April 27, 2017) – Gary McGlynn, senior vice president/managing director of NorthMarq’s Washington, D.C. regional office, arranged permanent financing of $18 million for a 560-unit multifamily property located in Arlington, Virginia. The property is a class “B” apartment complex consisting of 20, two and three garden-style buildings in a campus-like setting, approximately 2 miles west of the Pentagon. Developed from 1942-1948, it continues to enjoy outstanding performance in its marketplace.

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.

Image
NM Web Icon News Black

Stay on top of industry research