NorthMarq Capital arranges permanent financing of $16.5 million for multifamily property in Manassas, Virginia
WASHINGTON D.C. (November 1, 2018) – Gary McGlynn, senior vice president/managing director and Jason M. Smith, senior vice president/senior director of NorthMarq Capital’s Washington, D.C. regional office arranged permanent financing of $16.5 million for a 148-unit premier apartment complex located in Manassas, Virginia. The property delivered in 2011 and offers luxury apartments and townhomes in the heart of Manassas. NorthMarq secured a 10-year, fixed-rate life company loan with additional advance features throughout the loan term.
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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.
