NorthMarq Capital’s Washington, D.C. office arranges $24.2 million in equity for construction loan for multifamily property in Hyattsville, Maryland
WASHINGTON, D.C. (November 7, 2016) – Kenneth Gentzel, senior vice president/managing director and Jason M. Smith, senior vice president of NorthMarq Capital’s Washington, D.C.-based regional office, arranged $24.2 million in equity for the construction of The Edition, a 351 unit multifamily property to be located in Hyattsville, Maryland. The class “A” rental community has a remarkable “inside the beltway” location and a quick 300 yard walk to the Washington, D.C. Metro (Prince George’s Plaza Station), the region’s subway/light rail system that provides frequent service to downtown DC (15-20 minutes) and the Northern Virginia and Maryland suburbs.
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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.
