NorthMarq’s Washington, D.C. office arranges $30 million permanent loan for industrial property in Washington, D.C.
WASHINGTON, D.C. (October 30, 2019) – NorthMarq’s Washington, D.C. debt/equity team collaborated to arrange a $30 million permanent loan for a 275,000 sq. ft. industrial property located in Washington, D.C.
The fully leased property is an ideal location for industrial tenants. Major transportation arteries New York Avenue NE (Route 50), Route 1 and Alt Route 1, Baltimore Washington Parkway and the Capital Beltway (I-495) provide convenient access to Washington, DC, Maryland and Virginia markets.
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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.
