Northmarq Richmond completes $22M in acquisition financing for office building in Charlottesville, VA
CFA Acquisition
CHARLOTTESVILLE, Va. (July 26, 2023) — Keith Wells, managing director of Northmarq’s Richmond Debt + Equity office successfully arranged the $22 million acquisition financing for CFA. Built in 2012, the 111,750-sq.-ft. office building sits on 2.25 acres at 915 E High Street in Charlottesville, Virginia. The permanent-fixed loan was structured on a 7-year term followed by a 30-year amortization schedule. Northmarq secured the financing through a regional bank.
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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.
