Multifamily - Debt

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.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.