NorthMarq Capital’s Washington, D.C. office arranges $11 million permanent financing for mixed-use properties in Falls Church, Virginia
Mixed-Use Properties
WASHINGTON, D.C. (August 2, 2017) – NorthMarq Capital’s Washington, D.C. regional office arranged permanent financing of $11,000,000 for both a mixed-use building and an office property located in Falls Church, Virginia.
Mixed Use Property: A Class A, four-story mixed-use (apartment and retail) building containing a total of 33,081 sq. ft. The commercial portion of the property is anchored by PNC Bank (S&P: A credit). The residential component is comprised of 26 units. The property is currently 94.5 percent occupied
Office Building: A three-story multi-tenant commercial office building containing a total of 14,510 sq. ft. The property is currently 93.9 percent occupied.
About Northmarq
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.
