Industrial - Debt

NorthMarq Capital

NorthMarq Capital’s Washington, D.C. office finalizes $12 million in permanent financing for a four-building industrial portfolio in Dulles, Virginia

WASHINGTON D.C. (November 29, 2018) – NorthMarq Capital’s Washington, D.C. regional office arranged permanent financing of $12 million for a four-building, 193,119 sq. ft. industrial park located in Dulles, Virginia. The property is bounded by Route 28 to the east and Dulles Toll Road to the south and Route 606 to the north. The park is currently 100 percent leased to 11 tenants, featuring a well-diversified rent roll and a manageable lease expiration schedule. The core holding was placed with a major U.S. insurance company who provided twenty-year fixed-rate debt.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.