NorthMarq Capital’s Baltimore office arranges $72 million refinance for Columbia Corporate Park in Columbia, Maryland
Columbia Corporate Park
BALTIMORE (July 28, 2016) – Joseph Burke, senior managing director of NorthMarq Capital’s Baltimore-based regional office, arranged a $72 million refinance for a 495,000 sq. ft. office property located at 8825, 8830, 8840 & 8850 Stanford Boulevard, 8890 McGaw Road in Columbia, Maryland. The transaction was structured with a 12-year term with four years interest only followed by 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
About Northmarq
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.
