Northmarq secures $5.67 million acquisition financing for Johns Hopkins Medical Office Building in Baltimore, Maryland
Johns Hopkins MOB
SAN DIEGO (March 20, 2022) – Wyatt Campbell, vice president, and Eric Flyckt, managing director, of Northmarq’s San Diego office, secured a $5.67 million acquisition loan for a medical/research office building located in Baltimore, Maryland. The four-story, 31,752 sq. ft., building is 100 percent occupied by Johns Hopkins University. Northmarq arranged the financing for the borrower through its relationship with a CMBS lender. The building is situated within walking distance to Johns Hopkins University Hospital.
The 10-year loan was structured with full-term interest-only payments at a rate slightly above 4.5 percent. The loan represented a 65 percent loan-to-purchase-price. NorthMarq will service the loan.
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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.
