NorthMarq Capital arranges $41.5 million permanent loan for Aurora Apartments in North Bethesda, Maryland
Aurora Apts
WASHINGTON, D.C. (April 15, 2015) – Gary McGlynn, senior vice president/co-managing director and Kenneth Gentzel, senior vice president/co-managing director of NorthMarq Capital’s Washington, D.C. office secured permanent financing of $41.5 million for Aurora Apartments, a 341-unit multifamily property located at 5401 McGrath Boulevard in North Bethesda, Maryland. This class “A” community features outstanding amenities. The property represents the second residential phase of a larger, 32.4 acre mixed-use project known as North Bethesda Center in North Bethesda, Maryland adjacent to the White Flint Metrorail station. The transaction was structured with long term interest-only financing.
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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.
