Northmarq’s Washington, D.C. office arranges $21 million refinancing for 264-unit multifamily property
Courtland Park Apts
WASHINGTON, D.C. (Nov. 21, 2023) — Gary McGlynn, SVP/managing director, and Kenneth Gentzel, SVP/managing director, of Northmarq’s Washington, D.C. Debt + Equity team secured the $21 million refinance of Courtland Park Apartments. The 264-unit multifamily community is located at 2500 Clarendon Blvd. in Arlington, Virginia. Northmarq arranged financing on behalf of the borrower through its relationship with a life insurance company.
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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.
