Office
Debt & Equity

NorthMarq Capital’s Richmond office arranges $10,875,000 permanent financing for GSA Government building in Norfolk, Virginia

RICHMOND (July 24, 2017) Keith Wells, senior vice president/managing director of NorthMarq Capital’s Richmond regional office, arranged permanent financing of $10,875,000 for the GSA Government building, a 53,917 sq. ft. office property located in Norfolk, Virginia. The transaction was structured with a fixed rate, five-year term on a 25-year amortization and is pre-payable at par, non-recourse.

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.

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GSA Government Building
Permanent Loan - Fixed
$10,875,000