Northmarq’s Washington, D.C. office arranges $21 million refinancing for 264-unit multifamily property
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 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.
