Northmarq secures $6.75M refinance of medical building in Fredericksburg, VA
The Jefferson Building
FREDERICKSBURG, Va. (September 2023) — Daniel Siesser, senior vice president of Northmarq’s Washington, D.C. Debt + Equity office successfully arranged the $6.75 million refinance of The Jefferson, a 72,000-sq.-ft. office building located at 150 Riverside Pkwy in Fredericksburg, Virginia. Built in 2005, the 6.78-acre property was refinanced through Northmarq’s correspondent relationship with a life insurance company. The permanent, fixed-rate loan was structured with a 10-year term and a 30-year amortization schedule.
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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.
